Comment Re:Summary: (Score 1) 227
Money also has value culturally, e.g., status. There are certain clubs and institutions where having a minimum amount allows consideration for admission,
There's also the matter about their kids -- not all of the brood are as driven or ambitious as the parents. How much do you need to make sure Jr III doesn't blow it all? It may be important if the little nipper has no skills and the parenting philosophy is the kids get used to living it up.
And yes, I do know rich families who intentionally raise their kids to only know/live the wealthy lifestyle.