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A comment on Why do 70% of families lose their wealth in the 2nd generation? (2018). Parent comment

Re:Why do 70% of families lose their wealth in the 2nd gener... by lumost on Saturday January 08, 2022 @11:12AM (#29852993)
It’s trivial to identify a statistic to support the authors claim. People inherit money all the time, ranging from sums insufficient to cover funeral costs - to enough money to last 1000 generations.

So coming up with “70% lose their wealth” amounts to choosing a threshold on inheritance where people are inheriting good money, but not extreme sums.

It’s easy to burn a 2 million dollar inheritance, and pretty much impossible to lose a billion dollar inheritance.

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Re:Why do 70% of families lose their wealth in the 2nd gener... by blablabla123 on Saturday January 08, 2022 @11:36AM (#29853274)
Chances are that by the time wealth gets passed on a sum in the same order of magnitude has been already saved by the (grand)children. Probably the greatest leverage is at a young age. Of course this requires teaching about personal finance.
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Re:Why do 70% of families lose their wealth in the 2nd gener... by andi999 on Saturday January 08, 2022 @11:22AM (#29853104)
Can be done, from at one time 3 billion to not that much: https://en.m.wikipedia.org/wiki/Madeleine_Schickedanz
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