Reply to If your family had generational wealth when did it end?

Forum Index » Money and Finances

Reply to "If your family had generational wealth when did it end?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Some people here are confusing basic generational wealth with “dynasty wealth”.[/quote]

Not really. Generational wealth is a recently invented buzzword that means nothing because the range is enormous and includes everything under the sun and imposes a fake binary. Dynastic wealth has historical precedence.[/quote]

Generational wealth is not recently invented and you're confusing it because you're thinking it describes a threshold when it actually describes a category of types of transfers.   It doesn't impose a binary at all, it's usefulness is a description of a category in which you could divide into any number of levels you want (e.g., reverse generational wealth transfer, no generational wealth transfer, minimal generational wealth transfer, average..., top 10%, top 1%, etc. etc.).[/quote]

I suspect you, and I, and most people never heard the term used with any meaningful regularity till quite recently. Maybe you can find it being used in arcane academic journals but you are also missing the point. And what you described also showed clearly why "generational wealth" means nothing, as it encompasses everything from a billionaire leaving billions to his children to a working class carpenter who was frugal his entire life leaving a paid off house and 100k to his only child. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics