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Generational Wealth: Does the Apple Fall Far From the Tree?

  • Thread starter Thread starter Raphael Palone, CFA, CAIA, CFP
  • Start date Start date
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Raphael Palone, CFA, CAIA, CFP

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There is strong evidence that most “rich families” will be poorer after several generations. Some of the reasons for this are systemic like taxes. But most factors that diminish a family’s wealth over generations are the choices that heirs make.

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