Tag: sudden wealth syndrome
How to Avoid ‘Sudden Wealth Syndrome’ When Leaving Wealth to Children
Only about 10% of families can expect their wealth to last beyond their grandchildren’s generation.
That was one of the findings of a widely cited study from the early 2000s, which followed 3,250 families over 25 years. On average, a staggering 70% of a family’s wealth was gone by the second generation.
