Bloomberg: “At first glance, it may look like brazen entitlement: Sixty-three percent of affluent children between the ages of 18 and 22 say financial stability in retirement will depend on inheriting money. As in, the money their parents spent a lifetime accumulating—or, given increasing income inequality, inherited themselves. Before you start growling, consider that this may be a signal of desperation, not greed. The rise in student debt, increased life expectancy and the many competing priorities for money that are considered the “new normal” for younger generations have them wondering how they will pay for it all.”
Rich Kids Are Counting On Inheritance to Pay for Retirement
By On the Net|2018-06-11T12:28:38-07:00June 13th, 2018|
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