Giving Like A Prince

According to the new Fidelity Millionaire Outlook study Gen X/Y millionaires are more likely to volunteer or serve on the board of a charity (82 percent vs. 49 percent for Boomers+), and they average $54,000 in donations to charity each year. In addition, Gen X/Y millionaires are more generous with their plans to pass along as much of their wealth as possible to heirs (68 percent).