Generational Wealth

02What People Think

"It's what you receive when your parents die."

03What’s Underneath

Help with a deposit, education without borrowing or somewhere to live while starting a business can change an adult's options long before an estate is distributed.

The benefit is partly the asset and partly the ability to wait, take a risk or decline a poor offer. Two people can work equally hard while facing different costs of failure.

Support can also come with expectations. Its effect depends on when it arrives, how dependable it is and what decisions the recipient can still make independently.

04The Game

How does family backing change the risks a person can afford to take and the obligations they feel they must accept?