Gen Z leads in inheritance expectations with 62% anticipating wealth

More than half (53%) of Singaporeans overall have either received or expect to receive an inheritance.

A rising generation of Singaporeans is counting on inherited wealth to secure their financial future, with 62% of Gen Z respondents expecting to receive an inheritance—the highest of any age group.

According to Etiqa Insurance, more than half (53%) of Singaporeans overall have either received or expect to receive an inheritance. Strikingly, 1 in 5 expect this inheritance to exceed $1m.

The findings reflected a broader shift toward proactive intergenerational wealth planning. Millennials and Gen Z are leading the charge, whilst older generations are increasingly initiating wealth transfers during their lifetime.

According to the report, 46% of Singaporeans have already begun or plan to begin passing on wealth before their passing.

Etiqa’s report also showed 49% of respondents use insurance as a wealth transfer tool, whilst one in three now work with financial advisors to manage inheritance planning.

Still, challenges remain. Key concerns include family conflict (36%), personal financial security (34%), and potential mismanagement of wealth (31%).