Inheritance?

Growing up, the idea of receiving an inheritance from my parents was never a consideration—it simply wasn't expected. However, it appears that today's younger generations anticipate inheriting from their deceased parents.

A recent study by Northwestern Mutual reveals that younger generations are not only expecting but sometimes relying on an inheritance from their parents, whereas older generations seem less inclined to leave one behind.

The survey, which included nearly 4,600 adults, showed that 38% of Generation Z and 32% of millennials expect an inheritance. In stark contrast, only 22% of Generation X and the same percentage of baby boomers or older individuals intend to leave an inheritance for their children.

The reason for this gap? It could partly be attributed to a sense of entitlement instilled in younger generations. Take AYSO soccer, for example, with its motto 'Everyone is a Winner.' This philosophy awarded trophies to every child, regardless of their engagement or performance in the game, teaching them a questionable life lesson.

Are they entitled? Spoiled? Perhaps.

What is clear from these studies is that there has been a failure to set proper expectations by parents and grandparents. At Quantum Private Wealth, we aim to shift this dynamic.

Our Personalized Multi-Generational Wealth Building Plan, driven by our e3 investment model, is designed to clarify the future of your finances after you pass away. To learn more, please call us at 847-474-1400.

Quantum Private Wealth LLC. is an investment adviser located in Tampa, Florida. Quantum Private Wealth LLC. is registered with the Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Quantum Private Wealth LLC. only transacts business in states in which it is properly registered or is excluded or exempted from registration. A copy of Quantum Private Wealth's current written disclosure brochure filed with the SEC which discusses among other things, our business practices, services, and fees, is available through the SEC’s website at: www.adviserinfo.sec.gov.

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