Are Affluent Kids Spoiled????

PNC Financial Services Group recently conducted a survey of affluent children and their parents.  Here were some of their findings:

  • 73% of teens said they feel a strong sense of responsibility to wisely manage money they receive from their family
  • 25% think they should be able to buy anything they want
  • 70% of teens disagree that they can slack off because their families will always bail them out
  • 10% of teens plan to live off family money for as long as they can
  • 24% of parents are concerned that their wealth will discourage their kids from working hard

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