Friday, October 17, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > Business > Entrepreneur > An attribute of young millionaires

An attribute of young millionaires

in Business, Entrepreneur
- An attribute of young millionaires
Share on LinkedinShare on WhatsApp

A survey revealed younger millionaires feel a much stronger sense of giving than their older peers.

If you were a millionaire, how would you use your money?

Some young millionaires are trying impact investing—which is putting money to use with an eye not just on financial returns, but on bringing about social or environmental change—becoming a divisive topic among different generations of wealth, according to a new report.

A survey commissioned by RBC Wealth Management, that reached 1,051 individuals around the world with at least U.S. $1 million in assets, asked how strongly respondents agreed or disagreed with the statement: “I feel a personal responsibility for my wealth to benefit broader society.”

While only 8% of U.S. millionaires 64 and older strongly agreed, more than three times as many Gen X and millennial millionaires did so: 27%. Only 9% of younger millionaires chose “strongly disagree,” compared with 21% of older millionaires.

The young are putting their money in wealth planning

Members of Gen X and millennials also seem to work harder to put their money where their mouths are. When asked how they worked charitable giving into wealth planning, 29% agreed with the statement that “I align my investments with my giving goals (e.g., through impact investing),” and 39% agreed that “Where relevant, my spending aligns with the causes important to me (e.g., buying sustainable products).”

Just 12% of older millionaires chose the impact investing answer, and 32% said their spending is in line with the causes that matter to them.

Gen X and millennials also felt stronger about passing on their values to a younger generation, at 43% to the older generation’s 25%. (That resonates with young billionaires as well: Witness the open letter Mark Zuckerberg and Priscilla Chan wrote to their newborn daughter in 2015.) Younger millionaires in the RBC survey also felt more strongly about passing wealth on to the next generation (28% to 12%).

Read here on the billionaire investors who have donated most of their considerable net worth to charity.

Tags: Chief Executive OfficerGivingMillionaires

Related Posts

Figure Technologies set to increase IPO
Business

Figure Technologies set to increase IPO

Yum! Brands announces key leadership appointments under new CEO
Business

Yum! Brands announces key leadership appointments under new CEO

Nebius announces $19.4 billion agreement with Microsoft
Business

Nebius announces $19.4 billion agreement with Microsoft

Dick’s Sporting Goods completes $2.4 billion Foot Locker acquisition
Business

Dick’s Sporting Goods completes $2.4 billion Foot Locker acquisition

Lululemon stock falls after holiday guidance
Business

Lululemon reduces earnings forecast, expects $240 million tariff impact

Judgement day for Musk
Business

Tesla requests investor approval for nearly $1 trillion in pay package

The wage lifecycle is more complex than you think.
Management & Leadership

The wage lifecycle is more complex than you think.

Goldman Sachs reports 22% jump in profits
Business

Goldman to purchase $1 billion worth of T. Rowe stock

American Eagle celebrates payoff from controversial marketing campaign
Business

American Eagle celebrates payoff from controversial marketing campaign

Small businesses are facing big shifts. Here’s a roadmap to adapt
Business

Small businesses are facing big shifts. Here’s a roadmap to adapt

No Result
View All Result

Recent Posts

  • The Legendary Diane Keaton Dies Aged 79
  • Baking Soda Skin Care Hacks: Why Experts Say to Avoid These Viral Trends
  • Bulgaria is Worth Visiting
  • Dow futures drop 300 points as record sell-offs continue
  • Trump strikes tariff deal with Merck KGaA

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.