Nurturing Generational Wealth
In The Know
Where's the money?
What is Generational Wealth?
What is Generational Wealth?
According to (2022–2023) data, the top 1% of U.S. households hold about 30% of the nation’s wealth. To reach the top 1% you need a net worth of about $13.7 million. The top 10% begin at roughly $1.56 million. In contrast, the median U.S. household at the 50th percentile has a net worth of about $162,000.
What is Generational Wealth?
What is Generational Wealth?
What is Generational Wealth?
Generational Wealth is any assets passed down by one generation of a family to another. This can include financial assets, real estate, businesses and heirlooms.
True or False?
What is Generational Wealth?
True or False?
Many assume that wealthy people inherit their fortunes but in fact the majority build them. According to the National Study of Millionaires, about 79% of millionaires did not receive an inheritance.
Meanwhile, a long-term study by The Williams Group of more than 3,000 high-net-worth families found that approximately 70% of those families
Many assume that wealthy people inherit their fortunes but in fact the majority build them. According to the National Study of Millionaires, about 79% of millionaires did not receive an inheritance.
Meanwhile, a long-term study by The Williams Group of more than 3,000 high-net-worth families found that approximately 70% of those families lose their wealth by the second generation and around 90% by the third generation. Creating wealth is one challenge, and preserving it across generations is another.
