Generational Wealth
Generational wealth refers to Assets passed down from one generation to another, providing financial stability and opportunities for descendants. This wealth can include cash, real estate, investments, and business ownership.
Examples of generational wealth include:
- Real Estate: A family-owned property that is inherited, allowing future generations to benefit from rental income or appreciation in value.
- Investments: Stocks or Bonds that are transferred to heirs, potentially growing over time and contributing to their financial security.
- Family Businesses: Ownership of a business that can be passed down, providing a source of income and employment for descendants.
Cases of generational wealth can be seen in families like the Rockefellers or the Waltons, who have maintained significant wealth through strategic investments and business holdings across multiple generations.