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Why Most Family Fortunes Don't Survive Three Generations

The Wealth Building Curriculum • Beginner Investing • 7 min

"Shirtsleeves to shirtsleeves in three generations" is an old saying. You can find similar versions in cultures all over the world. It captures a common trend. Family wealth often fades by the third generation. The first generation builds it. The second holds on or slightly grows it. The third, not having experienced the work of building it, often loses it. This isn't just a folk saying without evidence. Research on…

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