As this article from the Philadelphia Inquirer mentions there are fewer inhertiances than had been previously been expected by baby boomers and others.
The article indicates that 81% of baby boomers have not received any inheritance. 15% percent now expect they will while 27% had expected it in 1989.
Several reasons for less inherited wealth to reach the next generation include among other reasons
The significant health care costs resulting from longer life expectancies, more procedures and higher medical costs.
Reverse Mortgages have become more popular among the elderly which takes the cash (equity) out of the primary asset - the home of the parents.
There are fewer traditional pensions to fund the longer lives.
The average families have grown and are now 3.3 children.
The seniors are now living more active lives in retirement and spending their assets for themselves.
Also the article indicates that the wealthiest 7% of estates are going to leave significant inheritances. The inherited wealth of the top 7% of the estates account for 50% of all the inherited property. People are advised to continue to work and not plan on an inheritance.