Not only will these millennial inheritors likely look for a new financial advisor to manage their money, as opposed to sticking with the family advisor, they will also want to ensure their money positively impacts society, and they tend to crave intimate involvement with the causes they support. This could transform charitable giving.
It is often said that the best things in life are the most simple and therefore the most under-appreciated. If you think of the happiest times in your life they are most likely to be around loved ones, when you were being creative or when you were giving of yourself. These have nothing to do with money.
In a new Pew poll, more than three quarters of self-described conservatives believe "poor people have it easy because they can get government benefits without doing anything." In reality, most of America's poor work hard, often in two or more jobs. The real non-workers are the wealthy who inherit their fortunes. And their ranks are growing. In fact, we're on the cusp of the largest inter-generational wealth transfer in history. The wealth is coming from those who over the last three decades earned huge amounts on Wall Street, in corporate boardrooms, or as high-tech entrepreneurs. It's going to their children, who did nothing except be born into the right family.
Poor Hillary? I don't think so. I think she's perhaps a little surprised at which particular aspect of her life is now being attacked (if she had a cartoon thought bubble over her head right now, it might read: "This is all you got? Really?!?"), but I don't think she's surprised the attacks have started.