The recession has been a wake up call for wealthy individuals, many of whom have come to realize that with great wealth comes great responsibility.
More and more high-net-worth individuals, including Warren Buffett and Bill Gates, seem to be taking the Andrew Carnegie view of wealth: There is only so much money that one family needs and that passing on huge sums can be dangerous. In fact, PNC Wealth Management, a unit of The PNC Financial Services Group, released a survey this week that revealed that wealthy Americans have become significantly more concerned over the last two years that their children are becoming more spoiled.
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