Twice as many younger U.S. HNWIs as older2 ones cite the ability to create change through giving as a top definition of wealth.
Just over half of younger U.S. HNWIs think the ability to create change through charitable giving has become more important in defining wealth.
Younger HNW women in the U.S. more often say societal causes have become more important than wealth accumulation in defining a legacy.
And more younger HNW women in the U.S. plan to distribute their wealth mostly while still alive:
Data based on an Economist Intelligence Unit survey conducted from March to May 2018.
The research, commissioned by RBC Wealth Management, surveyed 1,051 HNWIs across Asia, Canada, the UK and U.S.
The survey included 365 respondents in the U.S. with at least US$1 million in investable assets.
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