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Political Discussion
Reply to "Net Worth Disparity among whites and blacks/hispanics"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]generational wealth transfer[/quote] this. For instance, asian americans might have higher median incomes than whites, but not median wealth. Wealth is highly dependent for most people on intergenerational transfer.[/quote] Interesting. I inherited $50,000 from my grandfather when I was 40 but I already had over a million dollars of net worth by that point. No other intergenerational transfers yet, I'm 49, and my net worth is $3.6 million now. Completely and entirely other than the 50K from savings from my 9 to 5 slog.[/quote]
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