Monday, June 11, 2007

Turning wealth into good works | csmonitor.com

Turning wealth into good works | csmonitor.com: "Suppose you've become financially independent through business success, investments, or an inheritance, and can have whatever you might want. What would you do with your wealth?

It's a question millions of Americans are confronting amid a dramatic rise in affluence. The United States now has more than 8 million millionaires, and studies show that an intergenerational transfer of private wealth is under way that will amount, at the least, to $45 trillion by 2052 (and perhaps three times that).

'Never have so many people had such wealth,' says Paul Schervish, director of the Center on Wealth and Philanthropy at Boston College. 'How they use it is a spiritual question ... the key question of the 21st century.'"

No comments: