Generational wealth and values

Generational Wealth. In class this week we discussed "The Great Gatsby" by F. Scott Fitzgerald, a classic novel surrounding the themes of wealth. Other than Gatsby luxurious parties and all the marital affairs throughout the book, one of the most interesting things in the book is the generational wealth and behavior of the wealthy. Wealth is flaunted as a status symbol- Gatsby's extravagant parties, luxurious mansion, and flashy lifestyle reflect the allure and pitfalls of material success. The main character, Jay Gatsby, accumulates wealth in his pursuit of the American Dream, driven by a passion to win back the love of Daisy Buchanan. That made me wonder- what is generational wealth? So just like any other highschooler curious about the concept I asked my trusty friend google. Google says, “The term ‘Generational Wealth’ refers to any assets passed down by one generation of a family to another”. 

 

It got me thinking how generational wealth could be any sort of asset regardless of the monetary value– a secret recipe passed down from generation to generation, traditions regardless of how old or new they are or just even a piece of jewelry. When you come to think of it at its core, generational wealth is a bridge connecting the past, present, and future. The transmission of values and a strong work ethic is an intangible yet critical component of generational wealth. 

 

After all that I came to a  conclusion that, generational wealth is not just a financial concept; it's a philosophy that seeks to create a lasting legacy of prosperity. It's about building bridges—bridges that span across time, connecting the efforts and achievements of the past with the potential and promise of the future. 

 

 

Comments

Kian Schneeweis said…
I definitely agree with the idea that generational wealth connects the past, present, and future. I find it interesting that you talked about this idea in a more positive light, because so often it seems like a super bad thing.
October 15, 2023 at 8:05 AM
Anonymous said…
Very interesting, I didn’t think of generational wealth to be anything deeper than money. I also love how you kept it conversational!
October 15, 2023 at 8:33 PM
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