Sibling Wealth Inequality
Forbes ran an interesting story in late February, 2014. Laura Shin wrote the article, When One Sibling Has a Lot More Money. The article focuses on expectations, implications and impact on sibling relationships when there is this wealth imbalance.
The story offers some insights from experts as well as interviews with siblings. One expert offers this thought:
How this inequality plays out between the two siblings runs the gamut… “The expectation of putting your siblings through schooling or helping them buy a house or start a business or something has declined over the course of the 20th and beginning of the 21st century. The sibling reciprocity expectations were much greater 100 or 75 years ago,” he says, mostly due to the overall weakening of family ties, with generations of families no longer all living under the same roof.