The problem with parental wealth transfer is when your parents may not be in the position to help you. Which is why this is most certainly not a good trend.
Yes, and a lot of Government wealth transfer projects would also result in problems where they are unable to help a subset of people. Eg. Obamacare not helping a middle class family with income just above the threshold to receive subsidies but not enough to afford a high deductible or high premium insurance plan
As I said, there can be different mechanisms for wealth transfer from boomers to millennials. Govt directed programs (means-tested or universal) might be preference of some and might even perform better, but they also tend to have a lot of political opposition.
So while we are gridlocked on other fronts, its better to see some transfer happening between parents and children.
