Why Do 70% of Families Lose Their Wealth in the 2nd Generation?

I would really like to see a study on this. I bet there's a threshold. Aren't there a lot of trusts that hold wealth for virtually forever?

It's really hard to raise authentic people that make great decisions. Especially when they have grown accustom to luxury. It's a damned good thing the slope is slippery.

Alas there are plenty of dynastic families that will stay far above the earth for a long long time. Those who have happened into owning businesses with solid core fundamentals.