Subject: Re: 3 generations & 70/90 rule
"“The 70/90 Rule: Modern wealth management studies (like those by the Williams Group) consistently show that roughly 70% of wealthy families lose their fortune by the second generation, and a staggering 90% lose it by the third.”


That's why I have educated my 12 year old grandson about personal finance. He has his own portfolio and we often compare notes. I hope he kicks my ass.