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Self-made millionaires are replacing trust fund babies

Por: Newsweek Business October 31, 2023

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The era of the trust fund baby is over, and the self-made millionaire's time is just beginning.That's the news from a Federal Reserve report on consumer finances. While trust fund babies used to be a far more common version of the young millionaire, Generation Z and millennials offer a different picture of these rich types.Wealth is steadily growing across America, even in families not historically tied to high incomes or stocks. The... + full article



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