“The typical American heir is now a middle-class 50-something who puts the money toward retirement,” by Tanza Loudenback, Business Insider
“Over the last 30 years, Americans receiving inheritances have gone from an average age of 41 to 51, according to a new white paper published by United Income from Capital One. As of 2016, more than a quarter of inheritances go to people over age 61. Oftentimes, they’re used to bolster financial security in retirement. Researchers say Americans receiving larger inheritances later in life is the result of increased life expectancy, solid market returns, and retirees spending less than they have in the past.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Windfall inheritors in their late 40s or 50s? Seems like a good group to offer LTCI.