Press Release | October 22, 2024
A new study conducted by the Max Planck Institute for Demographic Research (MPIDR), the University of Cologne, GESIS and the Norwegian Institute of Public Health explores how an individual’s financial wealth changes in relation to generational transitions within the family. The results indicate that those who become parents and grandparents later in life, and, particularly if they experience the loss of their parents later, tend to accumulate the most wealth. In contrast, families spanning four generations experience the smallest increase in wealth. A person's financial wealth is deeply interconnected with intergenerational family transitions, such as the birth of grandchildren or the death of parents, and is tied to the family structure as a whole. More