Shirt Sleeves to Shirt Sleeves in 3 Generations

In recent years there has been a lot written about how wealth created by the first generation (the entrepreneur) is lost by the third generation. Often the second generation has also added to the wealth. Then the third generation has lost it through being irresponsible, idle or simply making poor decisions. Research from a range of sources is consistently showing that this is happening in over 70% of family wealth transfers. A significant aspect of intergenerational wealth loss is related to the fact that the financial and estate plans do not adequately take into account the human issues involved.

You can listen to Shirt Sleeves to Shirt Sleeves in 3 Generations online on Radio and Podcast. Open the player on this page to stream the available audio.

Shirt Sleeves to Shirt Sleeves in 3 Generations is an episode from Financial DNA - Discovering Your Unique Financial Personality for a Quality Life! by financialdna.

This episode is 2:56 long.

This episode was published on May 12, 2009.

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