Rethinking generational wealth

When I hear generational wealth mentioned, there is a certain image that I get in my head. Private jets, multiple houses, and never having to think about what something costs. There is probably a staff consisting of landscapers, housekeepers, nannies, lawyers, and accountants just to name a few. It is what I think about when I think of how the ultra-wealthy live their lives. With this image in mind, how do we actually define generational wealth? I am sure there are many definitions, but Investopedia defines generational wealth as "...generational wealth refers to financial assets passed from o

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