Citi Survey: Inflation Now Top Concern for Family Offices

The shift from tariffs to inflation as the headline worry suggests family offices are pricing in a slower, stickier cost environment rather than a discrete trade shock — a distinction that matters for how long-duration, real-asset and crypto allocations get justified internally. This cohort sits close to the capital that has funded tokenized treasuries and RWA yield products, so a cost-of-living framing could push the conversation toward inflation-linked exposure over nominal yield. Whether that translates into actual allocation changes, rather than survey sentiment, is the open question.