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A comment on Why do 70% of families lose their wealth in the 2nd generation? (2018). Parent comment

Re:Why do 70% of families lose their wealth in the 2nd gener... by crims0n on Saturday January 08, 2022 @10:36AM (#29852615)
I agree it is possible to be frugal and maintain the wealth - however there will be great difficulty adjusting to living off 40, 80, or even 120k a year after a lifetime of having multi-millionaire parents. I think that is what the original author was trying to convey - they just left out my original point about the division of the estate.
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Re:Why do 70% of families lose their wealth in the 2nd gener... by iso1210 on Saturday January 08, 2022 @11:27AM (#29853168)
That depends on the frugality of the multi-millionaire parents.
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