This article takes a look at how you can support your child’s growth. Helping them go from an over-privileged child to a responsible adult.
Affluenza. It’s a term that is being used more and more to describe the bad actions – sometimes horrific actions – of over-privileged children of affluent families.
Nevermind that it’s not an official medical diagnosis. The label fits far too many kids today growing up surrounded by sizeable family wealth and privilege.
- Over-privileged children can create big problems, even tragedy, in their own lives of their families – and even in the lives of strangers.
- Getting help to address both the behaviour and the negative outcomes of the actions can be crucial.
- Trusts, succession plans and other strategies can help protect children from the dangers of too-easy access to family wealth.
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Other notes and risk warnings
This article is distributed for educational purposes only and must not be considered to be investment advice or an offer of any security for sale. The reference to any products is made only to make educational points and must, in no circumstances, be deemed to be any form of product recommendation.
This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed.
It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.
Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.
Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.