Twins Guillaume Henry de Ramel (left) and Régis Antonin de Ramel, Newport, Rhode Island, United States, 1987. Photo Slim Aarons/Getty Images Despite associations with the idle rich, the fact that inheritances are rising is a sign of a healthy, growing economy By Daniel Waldenström is professor of economics at the Research Institute of Industrial Economics in Stockholm, Sweden. He is the author of Richer and More Equal (2024). Scan the headlines and you might think that Western economies are on the verge of an ‘inheritance explosion’. Popular narratives warn of a looming ‘great wealth transfer’ as baby boomers pass down trillions, and … Continue reading Is inherited wealth bad?