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Disengaged Inheritors

 
 
Illustrations by Brandy Kesl

Fortunately, not all who inherit money fall into this category. These folks are proof that having money doesn't necessarily mean you're happy. They compose 13% of the wealthy* population.

  • Average age: 58
  • Received and built their wealth largely through inheritance, and living below their means
  • Second-wealthiest and second-oldest group
  • Lack the goals and drive to succeed
  • Think about their financial situation the least out of apathy and ambivalence
  • Not charitable, generally unhappy
  • Least financial know-how of the high-net worth segment

*Wealthy is defined in this survey as $1 million or more in net worth, not including the primary residence.

Source: The Phoenix Companies Inc.

 
   
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