Generational wealth explained | Personal Finance, Premium

Generational wealth is one of those financial terms that consumers prefer not to think about because they don’t know what it means. With so much financial pressure to navigate, consumers would prefer not to even hear that it has something to do with saving. According to the definition of generational wealth, it is assets – such as land, business, education and housing, passed down from one generation to the next, either as an inheritance or while you are still alive. July was National Savings Month, but was it even worth commemorating? Consumers are not even vaguely able to save…

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