My grandfather used to gift each family member $10k annually - is this helpful or does it create entitlement?
Briefly

from 24/7 Wall St.2 months ago
Gifting substantial sums of cash can be a double-edged sword; while it can help young people achieve their goals faster, it may also create entitlement and reduce motivation to work hard.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/14/my-grandfather-used-to-gift-each-family-member-10k-annually-is-this-helpful-or-does-it-create-entitlement/
Grandparents may derive joy from giving money, but it’s essential not to foster dependency or entitlement in young recipients; financial literacy must also be prioritized.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/14/my-grandfather-used-to-gift-each-family-member-10k-annually-is-this-helpful-or-does-it-create-entitlement/
Read at 24/7 Wall St.
#financial-literacy #gifting #generosity #dependency #wealth-management
[
|
]