Generational Wealth: What Does It Mean?

Generational wealth refers to financial assets — money, investments, real estate, businesses, or other property — that are accumulated by one generation and passed down to the next. Building generational wealth requires not only accumulating assets but protecting them through estate planning, smart tax strategies, and financial education. Generational wealth creates a financial foundation that can expand opportunities for future generations: funding education, enabling entrepreneurship, providing a safety net, and breaking cycles of financial stress.