Inheritances surge as Australians pass on billions

Booming housing wealth and unspent superannuation are increasing the size of Australians' inheritances, according to the first in depth study of wealth transfers by the Productivity Commission. Despite helping the wealthy get richer, inheritances and gifts are nevertheless shrinking relative inequality by giving a bigger boost to poorer households. The value of inheritances is expected to grow - what are the implications?

Guests: Lisa Gropp, Commissioner, Productivity Commission

Robert Breunig, Director, Tax and Transfer Policy Institute, ANU