Eight out of 10 (80%) of survey respondents agree with the statement: "Passing on my financial values to the next generation of my family is important to me."

Generational Wealth: Money and Family, Ameriprise Study

by Sarah Aldrich, Writer

We are excited to partner with Ameriprise again this year on this fascinating study about generational wealth. The recently released ‘Money and Family’ study reveals that while most investors plan to pass on wealth, few are completely transparent about their intentions to do so.

Key findings include the following:

  • More than two-thirds (67%) of investors say passing along generational wealth to their heirs is important to them.
  • Nearly 8 in 10 investors have taken at least one step to build generational wealth.
  • Despite their intentions to pass assets from one generation to the next, only 19% are completely transparent with their relatives about finances.

The top reasons investors don't share financial information with relatives: 33% don't think it's any of their business; 32% have shared some info but don't feel it's necessary to be completely transparent; 18% don't want to deal with any conflicts that might result; 16% don't want their input

We conducted this study earlier this year among more than 3,000 Americans between the ages of 30-70 with at least $100,000 in investable assets.

Head to the write-up on the Ameriprise website for further findings. For more research we’ve done on behalf of Ameriprise, check out last year’s study on how the pandemic shifted Americans’ financial priorities.

Sarah Aldrich, Writer

Sarah has been acting as a marketing consultant and writer for Artemis since 2012. Find out more on her website.