Inheritance 'fuels widening inequality'

Well-off families benefit more from growing wealth of older generations, says Institute of Fiscal Studies

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(Image credit: 2014 Getty Images)

Inheritance will soon play a bigger role in determining the future wealth of a child than any other factor, according to a report from the Institute of Fiscal Studies (IFS).

Rising house prices over the past ten years have led to a 45 per cent increase in the wealth of older generations, meaning more money than ever before will be passed on when they die.

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