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[quote=Anonymous][quote=Anonymous]Generational wealth means that the oldest generation leaves behind assets for the next generation to inherit and so on and so on. In other words successive generations dying with more than 0.[/quote]

This.  My family has some generational wealth (from my grandparents on) and it is certainly nowhere close to millions.  What does it mean?  My grandparents not only supported themselves until their deaths, they left excess.  Not a huge amount, in the low 6 figures, but it was EXTRA.  My parents, being Boomers, did very well financially as solidly middle to upper middle class.  So they didn't need the extra.  It was funneled directly to me in a few different ways.  My siblings and I went to college and left debt free.  That alone was a huge financial safety net.  I was given almost $80k for a downpayment that came from different grandparents in different ways (one was an investment account started with very little when I was 10 years old).

So while I will always work, I have had financial help in ways that many millions of other people do NOT have help.  There's no trust fund or many millions in stocks.  Me, my siblings and my spouse all work, and will work until our 60s.  But tens of thousands makes huge progress for the next generation too.  [/quote]

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