What Matters Most to Children of Wealth

There's some good news for high-net-worth parents of Gen Z (ages 16 to 21) and young Millennial (ages 22 to 25) children. According to a recent Wells Fargo study of children in families with an estimated net worth of at least $1 million, these children say the most important thing they will inherit from their parents isn't their wealth but their values.

The news gets event better. These same children say they want to carry on their families' legacies too, which indicates that the children are seeing their families' wealth as more than

Вы читаете отрывок, зарегистрируйтесь, чтобы читать полное издание.

Другое от: Kiplinger

Kiplinger3 мин. чтения
What is WRONG with Your Financial Planning 'Picture'?
Remember back to your elementary school days when your teacher passed out the "What's Wrong with the Picture" test. Your job was to scan the page to, find those items that were either missing from or not supposed to be in the picture. It looked so
Kiplinger2 мин. чтения
Save on Rental Car Coverage
[Question]I need to rent a car several times a year, but I don't have my own auto insurance because I don't own a car. Are there any alternatives to the high-price coverage that the rental car companies offer? [Answer]Cheaper alternatives are out the
Kiplinger3 мин. чтения
Income Annuities Take Risk Out of Retirement
Few adults would go without auto, home, life or health insurance. But the kind of insurance that protects against the risk of running out of money in old age is still greatly underutilized. It's called a deferred income annuity or a longevity annuit