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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My MIL can’t drive because she grew up with a chauffeur and can’t cook because she had a chef. The first time she changed one of my kid’s diapers she wiped the poop with a towel because she didn’t know about wipes thanks to nannies. I have many more stories. Anyway her father squandered the entire fortune and now she’s middle class. [/quote]

this is the stuff movies are made of[/quote]

Statistically speaking, generational wealth doesn't usually go past 2-3 generations for various reasons. I remember reading that in an article somewhere. 
[/quote]

My nephew is unemployed between jobs lives in a dumpy rent stabilized walk up with a roommate in Manhattan literally on a street named after a rich relative from 1700s. No clue where money went  [/quote]

The truth here is that wealth has to be built. The moment a generation decides to spend instead of build it's not going to last long. Also tons of people that steal wealth. So if someone doesn't understand finances they can get taken advantage of.[/quote]

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