What is generational wealth?

Those assets can include cash, stocks, bonds, and other investments, as well as real estate and family businesses. In recent years, generational wealth has become a focal point in discussions about the racial wealth gap and the increasing concentration of wealth in the U.S. because it plays a substantial role in both.

How does generational wealth affect the racial wealth gap?

In recent years, generational wealth has become a focal point in discussions about the racial wealth gap and the increasing concentration of wealth in the U.S. because it plays a substantial role in both. Generational wealth refers to assets passed from one generation of a family to the next.

How do you build generational wealth?

Generational wealth can take many forms, but it is often built through investing in stocks and bonds, owning real estate, starting a business, or a combination of all of those. Smart estate planning can also help make sure that generational wealth isn't diminished through taxes that would otherwise be avoidable.