Over 50% of Americans Want to Leave an Inheritance to Their Family - Here's How to Make Sure You Do It Right

A Nationwide Financial survey of 1,831 adults revealed that 52% plan to leave an inheritance while 48% intend to spend their savings during retirement.

The Generational divide is stark; younger people are more inclined to leave an inheritance, with 52% opting for this compared to older generations who mostly plan to spend.

Warren Buffett, who initially planned to leave minimal inheritance for his children, has opted instead to give away most of his wealth to charity, becoming a prominent advocate through 'The Giving Pledge'.

The discussion surrounding retirement savings often hinges on whether to spend the accumulated wealth or to prioritize leaving an inheritance, with attitudes influenced by age and personal values.

Read at 24/7 Wall St.