Tuesday, March 11, 2014
A recent survey found that only 59% of parents in the United States intended to leave their children an inheritance. Of 15 nations studied, the U.S. was the lowest.
So why do U.S. parents intend to leave their children less than parents in other countries? One reason may be that affluent parents desire to see their children make it on their own. First-generation wealth builders value hard work and frugality and may feel that an inheritance is more hurtful than helpful.
See Larry Light, Why Bother Leaving an Inheritance for the Kids?, Forbes, Feb. 27, 2014.