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Reply to "If your family had generational wealth when did it end?"
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[quote=Anonymous]Grandparents were wealthy but had 7 children, they all received 1M+ liquid inheritances, plus property (and had private school, fully paid for college and grad school, help buying houses while grandparents were alive). 4/7 of them are wealthy and will provide a similar amount or more to their children, 3 of them squandered it. Of my generation, most of the ones whose parents managed it well are on track to do the same and the others are not. Probably a mix of financial education from parents and actual resources. [/quote]
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