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Happy family

Wealthy family members are often forced to shoulder huge financial burdens.

| Shutterstock

Love or black tax: Does your family love your money more than they love you?

What you need to know:

  • ‘Wealthy’ family members are often forced to shoulder huge financial burdens on behalf of their siblings and parents.
  • Failure to send some to parents or relatives is often met with attempts to guilt-trip the “wealthy” family members.

Can love and concern for family only be expressed through money? This is a question many people are grappling with, albeit in muted conversations. 

Ours is a society that lauds financial prosperity, so it is no surprise that the frequency and amount of money transferred between those who have it and those who do not have it in a family setting has become a sticky issue in many households.