What "generational wealth" means in finance

Generational wealth refers to the accumulation of wealth and assets that are passed down from one generation to the next within a family. This wealth is often built through a combination of inheritance, investments, and business ownership. It can include real estate, stocks, bonds, and other assets that have the potential to increase in value over time. Generational wealth is often seen as a way to provide financial security and opportunities for future generations of a family.