Younger Australians are over-estimating their inheritance as cost-of-living and stagnant wages means they need more than older Australians will be able to give them.

New data released by Colonial First State shows Australians aged between 18 and 29 expect to inherit a whopping $525,000 on average, when the family home and leftover super is factored in.

These high expectations come as younger Australians look to the older generations to help secure their financial future.

But a combination of rising aged care costs, changing government regulations in the space and the sheer longevity of older people means this optimism around how much they will inherit is “misplaced.”

CFS head of technical services Craig Day warned these high inheritance expectations will come “under pressure”.

“When y

See Full Page