70% of Second Generation Wealthy are Broke … What ? Your kidding?

In this recent article, author Chris Taylor points out that several studies have shown 70% of wealth is lost completely by the second generation.  Stunned and working on the coming Newsletter, I wanted to dig deeper.

70% of Wealth is gone by Second Generation and 90% by Third


Not only does it look like 70% is gone in the first generation, but according to this Forbes study, 90% of the wealth is gone by the second generation. What is disturbing about this study is the ultra high net worth of the group. These are the folks with B’s (billionaire) in front of their names.

A few reasons come to mind:

  • Lack of good financial skills
  • Entitlement
  • Bad Habits

Look for more solutions in future blogs and our next newsletter… these numbers are just too high to ignore !

70% and 90% … Really !

Have a Great Day!

John A. Kvale CFA, CFP

8222 Douglas Ave # 590
Dallas, TX 75225


What are your thoughts ??

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s