What the wealthy will do with their money in 2024

Many high-net-worth individuals are looking to help their kids, whether it be supporting them to buy houses or pay off the mortgage. (Image: Getty)

Rebecca Stevenson

Fri, 29 Dec 2023

The wealthy’s bank of mum and dad is open for business. Milford’s head of private wealth Philip Morgan Rees says New Zealand’s wealthy investors have been hunkered down, weathering the poor economic climate and rising interest rates. Those interest rates have been the big economic story of 2023 and will again be looming large in wealthy investors’ minds in 2024.Knight Frank's global wealth report for 2023 found the aggregate wealth of ultra-high-net-worth individuals, someone with a net worth of US$30...

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