That article is all kinds of crazy. Mostly that the recipients are keeping these wealth transfers a secret and pretending like all their financial success is their own.
I read an amazing book last year called Black Wealth/White Wealth (by Doctor Shapiro & Dr. Melvin Oliver), so for those that are interested in wealth transfers (especially the race component), it's an absolutely fascinating read. It made me think a lot about the role of wealth transfers in families.
I personally received the biggest & best gift from my parents - a paid for college education, and tons of their time and effort (and money) growing up, that enabled me to learn lots and be a competent human being. That's a really big wealth transfer - having no debt has made a REALLY big difference in my life, and it was something they could afford to do. When I got married this summer, my parents gave me 15K. It feels crazy to get such a big gift, but it's also (again) something they can afford, so I accepted it graciously. Actually, going down this train of thought makes me think of how much wealth my parents have transferred to me - paying for college and all food & textbook expenses, a 5K check when I graduated, 15K when I got married, and they bought me a laptop for college and just now bought me a new one (to replace said previous now 7-year old laptop). Not to mention when I was in college they paid for my plane tickets home, and provided a place to stay for my breaks. I don't actually need any of the money my parents give me (and have been completely financially independent since graduating), and have a good life regardless (my husband and I save 50% of our income). But ... boy, is it easy to forget that I actually have benefited tremendously from wealth transfers.
I think that's the biggest problem - people take these wealth transfers, then believe (hypocritically & incorrectly) that all of their success is due to their own hard work, and other people's lack of success is do their own failure. That's a really terrible situation.