Here’s the question put to UFI readers:
“If financially possible, is it your intent to leave your children an inheritance?”
Here’s how they responded:
94 percent Yes, it’s my obligation to try
6 percent No, going to spend every penny
This group of UFI readers polls quite differently than the general population where just 49 percent of individuals said it was important to leave money to their children.
This question came to our attention because of this article: Boomers planning to take long SKI vacations. It would seem that each generation has obligations to their children as well as to those who came before them. We have to agree with the author of the above mentioned article. It is quite amazing that a generation (Post-World War II), my generation, has burned through their parent’s money, their own money, and have indebted their children and their grandchildren, yet would smugly comment that they didn’t want their children to feel “entitled.” Astounding!
