Some subjects are difficult to discuss, even with family members. Unfortunately, the more important the topic – like finances and investing – the tougher it can be to broach.
SEI's recent report on wealthy Americans, called "Talking About Money: Breaking the Taboo," found communication about investment strategy is often difficult in families.
A survey, querying 275 individuals with an average net worth of $18 million and an average annual income of $616,000, found the age and gender of respondents made a difference in attitudes toward involving family in making decisions. The average age of respondents was 51, and about a fifth were under 21. Men made up 58% of those surveyed.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.