economy
February 9, 2026
Insider to the wealthy: Even my billionaire clients are worried their kids won't keep jobs in this market
Patrick Dwyer, managing director at Aligned by NewEdge Wealth, says that some of his billionaire clients are worried about the longevity of their kids' careers.
TL;DR
- Billionaires are worried their children (22-35 years old) may not secure stable, lucrative careers.
- The U.S. job market is challenging for young people, with rising unemployment rates for recent graduates.
- Economic uncertainty, AI, and established workers retaining jobs contribute to reduced opportunities for entry-level positions.
- Wealthy parents fear their children may have less agency and accumulate less wealth than they did.
- Families are reconsidering how to support children, potentially including retraining at age 33.
- Many clients are now encouraging and funding their children to start their own companies in emerging industries.
- Entrepreneurship is seen as a way for children to build wealth and develop resilience, with families providing a financial safety net.
- Young entrepreneurs are noted for their understanding of business fundamentals like marketing and finance.
Continue reading the original article