Nobody Likes a Trust Fund Kid: Here is How to Prepare Them
Trust fund kid: the term conjures up images of entitlement, snobbery, and pastel golf shirts. Daddy’s spoiled little brats account for only a little more than 1% of the U.S. population (there is that maligned 1% again). When compared to the approximately 22% of Americans who inherited money, those who did so from a trust fund are an especially small minority. That does not mean the demographic should be ignored, especially in the current climate. Baby boomers—the country’s we