Blog | MMC Institute: "We have seen increasing numbers of people with a cluster of issues and symptoms associated with the stress of sudden success or wealth. Many of these people have struck it rich through their entrepreneurial ventures and corporate stock options. Others, as a consequence of inheritance are among the heirs of the largest inter-generational transfer of wealth in American history.
MMCI coined the term “Sudden Wealth Syndrome” to describe the psychological issues that are associated with new or sudden wealth. MMCI programs and services address the risks and opportunities of new or sudden wealth.
Why is this a problem? For most of us, winning the lottery or striking it rich would solve all our problems!"
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