I suspect if someone who makes 50K a year has millionaire connections, those connections would have probably helped them by now and not have to wait for them to die.
I could be wrong, money seems to make people selfish and greedy. So maybe the millionaire would rather hoard their wealth than let the 50K person get any before they die. But they’re still nice enough to let them have something after they pass?
Er, typically generational wealth requires someone passing it on to you either via death or straight up bequeathing, and the former requires death of the giver. I was talking about the parent to child inheritance scenario, and it’s more likely than not to be the case for a lot of your college friends (at least in the U.S., though also probably in other countries).
I suspect if someone who makes 50K a year has millionaire connections, those connections would have probably helped them by now and not have to wait for them to die.
I could be wrong, money seems to make people selfish and greedy. So maybe the millionaire would rather hoard their wealth than let the 50K person get any before they die. But they’re still nice enough to let them have something after they pass?
Er, typically generational wealth requires someone passing it on to you either via death or straight up bequeathing, and the former requires death of the giver. I was talking about the parent to child inheritance scenario, and it’s more likely than not to be the case for a lot of your college friends (at least in the U.S., though also probably in other countries).