Are Boomers Hoarding Wealth From Their Millennial Children?

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.