Wealth is obliterated within six generations

Tweet

I read this in a book recently. The book isn't of any importance because the subject matter doesn't relate to wealth. With that being said, I found the quote interesting, and true enough. I don't have any really well off relatives. We all seem to know how to handle our money, but many of us are still only getting by because of our circumstances. I've had ancestors on both sides that seemed to be well off enough, but these ancestors are long dead and so wealth that trickled down would not touch us. Some might argue that it is all in the handling of the money, and that is true enough. However, investments fail, depressions (I.E. The Great Depression) happen, and money is lost along the way. I imagine the majority of people here are not wealthy, though you may have a well off relative or two... Wealth isn't all it's cracked up to be, at any rate...