When you imagine the lifestyle of the wealthy, images of extravagant spending and endless indulgence might come to mind.

In a society that often equates wealth with extravagant spending, the parenting choices of affluent families can be both eye-opening and unexpected. Many might assume that rich parents splurge on ...

Many rich parents fear their kids will be lazy and entitled, and will waste the family fortune. Wealth advisor Kathleen Grace detailed five ways to raise industrious children who spend wisely. She ...

The great majority of wealthy parents are giving their adult children financial support, according to a new report released by Ameriprise Financial. In a survey of 554 parents with an average of ...

Money rules changed faster than most families realized. Your parents likely taught you to get a stable job, buy a house and save what’s left. That plan wasn’t wrong for their time, but today wealth ...

A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight ...