What Matters Most to Children of Wealth
by Katherine W. Dean, CFP, CIMA, Head of Family Dynamics, Wells Fargo Private Bank
May 27, 2019
3 minutes
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
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