That is nothing new when it comes to Americans delaying the creation of a will, except the reasons for the delay are different than the 1920s, according to Wealth Management in "Now and Then: Why People Procrastinate Making Wills."
In 1927, the biggest reason people did not get wills was a superstition that planning for their own death would hasten it. Other reasons included not wanting to sort out who would get their possessions, a feeling that they were inadequate to make a will, the cost of getting legal advice and procrastination.
Some of the reasons are still similar, except for the superstition.
People now delay getting wills because they think they are too young to do so, that they do not have enough wealth for a will or because they procrastinate.
An estate planning attorney can guide you through the process of creating an estate plan that fits your needs.
Reference: Wealth Management (Feb. 2, 2017) "Now and Then: Why People Procrastinate Making Wills."