trust slug
n. A person who has grown lazy and unmotivated from living off a trust fund.

Example Citation:
"Clients want their wealth to give their children opportunities they did not have themselves when they were young. But they also fear their children will turn into 'trust slugs,' dependent on family money, with no incentive to follow a career, Cooper says."
—Jessica Hall, "Newly Rich Fear Spoiling Kids," Reuters, February 19, 2000

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