Reply to If your family had generational wealth when did it end?

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[quote=Anonymous][quote=Anonymous]My great, great grandparents were significantly wealthy and had generational wealth from before them. They had several properties all over the east coast and a vacation home in Cuba. My grandmother had fancy everything (house, nanny, cars, vacations, schools, clothes, etc.) and then came the Great Depression. My great grandfather agreed not to remove his money from the banks to show support and lost all that money. His property in Cuba was seized.  They still owned their US properties but their values went down. They also had 10 kids, so that wealth was divided by 10.

My grandmother inherited a few properties (country homes, a farm, etc), but had a drinking problem so she wasn't the best money manager. There wasn't much left money wise for my mother to inherit but my mother did inherit some real estate.

My mother is an even worse money manager than my grandmother, so she's actually in debt and I often have to give her money. I do not expect to inherit anything when she passes. I am not sure how far back the money generation wise went (because that side of the family has been in the US for a very long time) but it essentially took 3 generations to squander it.

I started from scratch and them the breaks. [/quote]

Same girl. My great aunt never had kids so her wealth was seized by the greedy thieving nieces and nephews who surrounded her and possibly killed her in another country. We will never know. She owned a lot and my mom never got her piece because they frauded the will. So much drama with shit family.[/quote]

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