I read recently the UK baby boomers who are gradually dying out are currently estimated to be worth about £14 Trillion, (7 times the UK annual GDP) which will be inherited by their children and grandchildren on a level never experienced before in history. So the really fortunate generation are not the baby boomers but their kith and kin through the unprecedented scale of inheritance falling into their laps in the coming years.
Although with the house prices now at 8.3 times salary (according to the ONS), I imagine most of that inheritance will go on trying to get on the property ladder.
Both the 'millenials' in my office relied on inheritances to get on the ladder, coupled with 35yr mortgages and a gov first time buyer scheme.
