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Inheriting wealth

Inheriting wealth
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First Published: Tue, Nov 22 2011. 11 02 PM IST
Updated: Tue, Nov 22 2011. 11 02 PM IST
A survey by Barclays Wealth and Ledbury Research confirms the positive relationship between income and one measure of happiness: financial happiness.
Also See | Inheriting Wealth (PDF)
The survey shows the same steady, increasing relationship as income levels rise. However, the research finds that the source of wealth is important; there is a stronger relationship between wealth and happiness when it is earned, rather than inherited. The perceived importance of succession planning by high net worth individuals does not increase on a straight line basis with age. Instead, it is most important in the earliest and the latest age categories. Here is a look at some findings of the research.
PDF by Yogesh Kumar/Mint
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First Published: Tue, Nov 22 2011. 11 02 PM IST