Generational Wealth ‘Curse’ Is Causing 90% of Families To Run Out of Money — How To Beat the Odds
Generational wealth, often envisaged as a blessing, has been paradoxically termed as the ‘curse’ due to the startling statistic that up to 90% of families deplete their inherited wealth by the third generation. This phenomenon, known as “shirtsleeves to shirtsleeves in three generations,” hints at the potential pitfalls accompanying inherited wealth. So, what propels this […]
Inequality Exposed: Does the Titan Disaster and Refugee Neglect Call for Wealth Capping?
Two distinct maritime incidents have ignited global discourse around wealth inequality and its influence on humanitarian responses. On the one hand, the unexplained sinking of OceanGate Inc’s vessel, the Titan, sparked a well-funded, international rescue mission. On the other hand, an inadequate response to a capsized boat carrying over 750 refugees resulted in an unthinkable […]
