generational wealth

Generational wealth refers to the financial assets, property, and investments that are passed down from one generation to the next within a family. This can include money, real estate, stocks, or businesses. The idea is that families who accumulate wealth can provide their descendants with greater opportunities, such as higher education, home ownership, and financial security. This cycle can continue across generations, potentially creating significant advantages for those families, while others may struggle to build their own wealth due to a lack of inherited resources. Thus, generational wealth contributes to social and economic disparities.