Online dating enjoying a boom among boomers
Laura Gardiner, senior policy analyst at the think-tank, said: 'Older generations have benefited hugely from the big increases in household wealth in Britain over recent decades.
While the millennials have done far less well in accumulating their own assets, they are likely to benefit from an inheritance boom in the decades ahead.'This is likely to be very welcome news for those millennials, including some from poorer backgrounds, who in the past would have been unlikely to receive bequests.
The think-tank said inheritances would double over the next 20 years as so-called baby boomers – born between 19 – become older.
Almost two thirds of people aged 20 to 35 have parents who own property, which they might expect to get a share of in the future, the report said.