“Wealth erosion” happens when big fortunes aren’t passed down through generations. In 1900, the US was home to approximately 4,000 millionaires. If even one-fourth of them had handled their wealth well, that group would have produced 16,000 billionaires by now. Where did those families go wrong?
Keep Getting Richer
It turns out that understanding how wealth erodes among the most affluent is sound financial information for anyone, including people who are just starting out on their wealth journeys. It’s all about risk and reward. Our latest Instaread examines a range of investment options, and evaluates their expected return and risk so you can make sure your worth keeps going up.
