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Millennial? Saving for a house? You might need an inheritance. 
According to a report published yesterday, millennials are expected to get 16% of their lifetime income from inheritance, compared with 9% for someone born in the 1960s. https://www.thetimes.co.uk/article/millennial-saving-for-a-house-you-might-need-an-inheritance-0q7svkfbm?utm_medium=Social&utm_source=Twitter#Echobox=1619530771
According to a report published yesterday, millennials are expected to get 16% of their lifetime income from inheritance, compared with 9% for someone born in the 1960s. https://www.thetimes.co.uk/article/millennial-saving-for-a-house-you-might-need-an-inheritance-0q7svkfbm?utm_medium=Social&utm_source=Twitter#Echobox=1619530771
But not in a “yay, free money” kind of way, in a “millennials aren’t earning more than the generations born just before them” way.
While those generations have amassed wealth and property, millennials will become increasingly reliant on inheritance. 
That reliance is going to mean more inequality, a bigger divide between rich and poor, and less social mobility.
“I have very little savings, no house deposit, no in-case-of-emergencies fund and definitely no rainy-day fund,” says @CharlieGowans.
“Of all of my friends, I know just two who (separately) bought their first flats without any family assistance — neither flat was in London, and both buyers work in finance,” she adds. 
“Those who have managed to buy with the least help have done so on the outskirts of London, or by leaving the capital altogether, and all of them are couples, not single people.”
“The closest I’ve come to buying was at the age of 27, when an ex-boyfriend and I were hoping to buy a small one-bedroom place.
“After we broke up I moved into a shared house again, renting a bedroom among strangers.”
“After we broke up I moved into a shared house again, renting a bedroom among strangers.”
