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[quote=Anonymous][quote=Anonymous]These answers are ridiculous. So the cut off is $100m and if your parents leave 95million it's just a plain ole' inheritance and not generational wealth??

If you benefit from your parents being more than financially comfortable such that they can fully fund college and/or grad school, pay for whatever "launch" expenses are needed and allow you to build wealth (looking at you, posters who bought the condo in your 20s, then the townhouse, then the SFH using proceeds from previous appreciation, allowing you to own a nicer, better located home than if you started home shopping at age 35 with a normal down payment), that's benefiting from generational wealth, even if it's not generational millions.

Obviously there's generational wealth that allows for multiple generations to be well-off without any other wealth building activities (working), and generational wealth in more typical amounts that allows for smart investments, like supporting an adult child during a job change so they don't have to take the first job offer, but can take time to find one that will pay off in the long term.

[b]What I think this board misses sometimes is that even the existence of the safety net, even if the rich parents never give you a dollar, just knowing that you will never have trouble feeding or housing your kids if it came to it, creates a level of psychological safety that many people don't have when they are in the position of having to support their parents financially or being the safety net for other family members.[/b] [/quote]

100%

And it goes deeper than that because the psychological toll of knowing you're one paycheck (or less) away from financial disaster causes health problems and even DNA changes that can lead to mental illness in future generations. (See: https://www.smithsonianmag.com/smart-news/poverty-changes-dna-linked-mental-illness-180959235/)  So these "It's only generational wealth if it's from the 100M region of France, otherwise it's just sparkling Daddy Will Pay For It" posters have less than zero idea what kind of generational leg up they've actually been bequeathed by that paltry 1M per grandchild.[/quote]

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