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People with inheritance move house more often or choose solar panels

People with inheritance move house more often or choose solar panels

Research from Statistics Netherlands indicates that people who receive an inheritance are more likely to move house or install solar panels than those who do not. As baby boomers age, experts warn that the upcoming surge in wealth transfer may increase economic inequality between property-owning families and the rest of the population.

A study by Statistics Netherlands (CBS) has analyzed the financial behavior of individuals following the death of their last surviving parent, specifically focusing on the generation born between 1936 and 1945. Findings reveal that heirs are significantly more likely to relocate within three years compared to those whose parents are still alive. Many of these individuals use their inheritance to transition from apartments to detached houses, while also showing an increased tendency to invest in home sustainability features such as solar panels. Data from 2018 indicated that nearly a third of over 30,000 individuals received a registered inheritance, with a median value of 43,000 euros after taxes and funeral costs.

As the baby boomer generation enters later life, experts anticipate a significant surge in inheritance distribution over the coming decades. Given that baby boomers held substantial assets in 2018, economists warn that this wealth transfer could exacerbate existing socio-economic inequalities between those with property-owning parents and those without. With projections indicating a steady rise in mortality rates for this cohort through 2040, the impact of these inheritance patterns on the broader housing market is expected to remain a critical topic of concern.

Based on reporting by nu. Translated and condensed by LocalHeadlines.

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