Do the wealthy help their less well off siblings?

However, many of the wealthy do still feel the need to help their less well-off siblings.

What to do when someone is paid more than you?

When you learn that someone in a job similar to yours is paid more than you, “it’s natural to feel angry or frustrated,” she explains. But “your goal should be to move beyond those feelings and to ultimately get a raise.” Here are some pointers on how to do that.

Do you feel financially responsible for your siblings?

While hard statistics on this score are hard to come by, one Merrill Lynch study (not restricted to people with less wealthy siblings) found that, among Baby Boomers, 13\% had provided financial support to siblings in the last five years, and 51\% said they feel financially responsible for biological siblings.

What to do when a coworker makes more money than you?

Be rash. Your frustration is understandable, but do your best to stay calm and clear-headed. Mention your higher-earning coworker by name during your salary review. Focus on the value you bring to the company. A few years ago, Adarsh Thampy had a good job in marketing — or at least he thought so.

Does the wealth gap cause tensions between siblings to flare up?

Still, tensions caused by the wealth gap are most likely to flare up around these particular issues: Maria Stephens, a 25-year-old operations director at a software company in Atlanta makes about $60,000 more than her older sister, who, at 31, is a coffee shop barista and hair salon receptionist in Chicago.

Why are sibling reciprocity expectations so high?

The sibling reciprocity expectations were much greater 100 or 75 years ago,” he says, mostly due to the overall weakening of family ties, with generations of families no longer all living under the same roof. Sandra*, who has two friends with ultra-wealthy siblings, can’t understand why the moneyed sibs don’t just share a little with her friends.