Whether it’s about how they spend money or how they spend a Friday night, if you ask three generations of a family the same question, you probably will not hear the same answer. Those generational differences can also crop up in retirement attitudes and planning, according to a survey by U.S. Trust.
A recent poll of 642 wealthy clients highlighted many hot topics. From grandparents to grandchildren, each saw their financial responsibility to their relatives differently, underscoring the difficulty of balancing family accord with financial security.