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Reply to "How much is considered generational wealth? "
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[quote=Anonymous]Isn’t there a three generation saying? First generation earns it. Second generation spends it. Third generation blows it. Dh and I are children of immigrants and we worked very hard for our money. We will be able to leave each child a few million. Almost all the people we know from family money aren’t very successful themselves besides having a grandparent or parent who was wealthy. I consider generational wealth to be at least $100m. If it is anything less, it would be split amongst children and it won’t last much further than the next generation.[/quote]
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