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Family wealth means debt subtracted from salable assets. given the prevalence of debt for those in poverty, what are the possible implications for those in poverty as regards their children when they die?
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Mar 2, 2019
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Family wealth means debt subtracted from salable assets. given the prevalence of debt for those in poverty, what are the possible implications for those in poverty as regards their children when they die?
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Mike Jablonski
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The scenario implies that no family wealth will be passed onto children after their parent's death because the parent's debt will cancel out any assets that were accumulated during their life.
ZZY
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Mar 7, 2019
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ZZY
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