66 percent of affluent parents say they'd choose to spend on themselves during retirement than leave their kids an inheritance. (Photo: Shutterstock)
They spend freely enough for their kids' education and upbringing, but affluent parents expect to spend more on their own retirement rather than to keep on supporting their kids.
That's according to Personal Capital's second annual Affluent Family Financial Support Survey, which finds that instead, 72 percent of affluent parents expect their kids to be as, or more, wealthy than they are themselves.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
