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Are Boomers Hoarding Wealth From Their Millennial Children?
Commentary October 18, 2024 at 03:46 PM
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What You Need To Know
- In a recent social media thread, a financially struggling millennial expressed shock at learning his father had nearly $10 million in the bank.
- It's important for parents to talk to their kids about wealth and is often a good idea to give some away while they're alive.
- But parents should be careful not to encourage irresponsible behavior, advisors warn.
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