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Reply to "Generational wealth. What's behind the obsession?"
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[quote=Anonymous]Pretty simple really in the 1960s 61 percent of people were considered middle class (https://theworld.org/stories/2015/12/11/american-middle-class-shrinking ) but the middle class is shrinking. In part because the upper middle class and above are growing. In a generation the numbers will continue to shift and income and wealth inequality will continue grow. Foresee a 30-70 split between the haves and have nots. Want my kids and grand kids to be in that 30%. Fortunately have the means to set my kids on the right path. That is why generational wealth will become even more relevant going forward. [/quote]
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