View Single Post
Old 05-10-2006   #1
Winetalk.com
Prostate Examiner
I quoff fine wine at corkd.com
 
Winetalk.com's Avatar
 
Join Date: Oct 2002
Location: good 'ole USA
Posts: 21,018
Default After the Baby Boom, the trust-fund boom (Jace, you may skip this one)

"Brace yourselves," says Thomas Kostigen in Market Watch "There are going to be millions more Paris Hiltons in the world." The number of millionaires in the U.S. is soaring -- the fastest-growing group is the "super-rich" worth more than $5 million. As the baby-boom generation ages, Americans will pass down trillions of dollars to their heirs, creating a boom in trust-fund babies. "Add to that the prospect of zero estate tax in four years, and Tiffany's may run out of silver spoons."
Winetalk.com is offline   Reply With Quote