intergenerational wealth
Inherited financial legacy
Intergenerational wealth is money, property, and assets passed from one generation to the next within a family.
The term often appears in discussions of economic inequality, since families that accumulate wealth can give their children advantages—inheritance, education, business connections—that compound over time: Intergenerational wealth explains much of the racial wealth gap in America.
Also called generational wealth.
- willsLegal inheritance documents
- trust fundAssets held for another
- landEarth's solid surface
- inheritanceProperty received from ancestors
- educationSystematic development of mind
property · estates · trust · estate planning · social mobility · family business · tax planning · old money · silver spoon · mentorship · financial literacy · cultural heritage · succession planning · economic disparity · charitable foundations · investments · family traditions · stocks
intergenerational wealthgenerational poverty
Want transmitted across descendants
cycle of poverty · poverty trap · downward mobility · generational trauma
intergenerational wealthliving paycheck to paycheck
Earning only enough for immediate expenses
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