Some discussion in The Millionaire Next Door about this as well. The conclusion, if I recall correctly, was that there was an inverse relationship between the

Some discussion in The Millionaire Next Door about this as well. The conclusion, if I recall correctly, was that there was an inverse relationship between the financial success of the child and the amount of money they were provided from their wealthy parents. More money from the parent generally just meant more consumption by the child, while depleting the assets of the parent. Thus less is inherited and the child has not learned to save and spends it all.