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Money and Finances
Reply to "Generational Wealth"
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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] I understand that is a literal reading, but I don't think that's what people mean. My grandparents leaving a $200k home to be split between their 6 kids did not create generational wealth. My ILs paying for college for grandkids arguably would, because it frees up money in my (parent) generation and launches the next one (grandkids), giving both generations a significant boost. [/quote]
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