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Reply to "How much is considered generational wealth? "
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[quote=Anonymous]Depends on how those who inherit spend. My MIL inherited $3m when her father died and another $10m when her mother died. They spend….a lot. They’ve bought and torn down and rebuilt multiple houses, bought multiple very expensive new cars every other year or so, take trips that cost multiple 10s of thousands for each trip multiple times a year. My FIL immediately retired upon the second inheritance though he was well below retirement age. I suspect her parents (given they funded school for the grandchildren) who had inherited from her grandparents, expected her to pass it down to the next generation, but that’s unlikely. It does rankle when they come here and expect us to treat them the whole time and we split the bill when we go out if we are visiting them. [/quote]
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