Inheritances: A Trillion in the Next 30 Years

Published: November 5, 2010; 12:43 · (Vindobona)

The next generation will inherit assets of 80,000 euro per capita.

Inheritances: A Trillion in the Next 30 Years / Picture: © Vindobona.org

Henry Weninger, a member of the management of the Kathrein Privatbank, estimates that the next generation in Austria will inherit assets for around one trillion euro (1.4 trillion dollars).

There are no official statistics, where the value of the assets of the Austrians can be taken from, says Weninger. These have been lost through the abolition of the wealth tax in Austria.…

This article includes a total of 202 words.

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