It is only natural that every parent wants their children to have a better life than theirs, so parents strive to provide more & to create opportunities for a better life for their children. I suppose this has been the same across cultures all over the world, and generations from time immemorial!
Is that the same with regards “Generational Wealth”? Have parents always thought about this? I wonder because in recent times, I observe a lot of talk in the black community about creation of generational wealth. Has this always been a thing, but the buzz words (“generational wealth”) not there to describe it?
Apart from ones children being fed, clothe & have a roof over their heads, what exactly does children having a better life mean/look like? What does creating “Generational Wealth” mean? Is it the passing down of assets, money, knowledge, not letting them fail,?
Has this primal need for parents to afford their children a life better than theirs resulted over time, in the current generation of children who feel “entitled” & want instant gratification?
Have parents over time inadvertently done themselves (& perhaps the world) a great disservice, creating children who mostly no longer have the drive to go out & fend for themselves (because of their reliance on expected Generational Wealth or because they don’t know how as a result of being sheltered/not being given the chance to try things out, fail, & learn from their failure)?
Pondering & wondering….
What do you think? Do share your thoughts
📝 Originally shared under my first blog, bitalks; part of the journey that shaped Life’s Riches.