With the right guidance, families can improve the younger generations’ chances of fiscal responsibility.
The rich want to leave a legacy, but many are overspending.
If you’re the children of baby boomers, you’re less likely to get an inheritance than if your parents are older than 65, says a new survey. And even if you do get the money, it’s more likely to come with strings attached if your parents are wealthy. The Journal of Financial Planning and Allianz Life
If image is everything, then the generation of Millennials (age 18 to 32, also known as Gen Y) would appear to be the richest. A recent survey finds that compared with older generations, more Millennials want to be seen as wealthy, even as they battle feelings of guilt about indulging in luxury. Among the three