RIQUEZA GENERACIONAL

Generational Wealth What You Need to Know

What is generational wealth?

Generational wealth implies financial assets owned by an individual that can potentially be passed from one generation to the next Therefore, tangible assets such as real estate, investments, and stocks can be considered generational wealth

Average Latino households have only 15% to 20% as much net wealth as non-Latino white households, according to the Federal Reserve

So, why is it essential to build generational wealth? Well, the main reason is to ensure the financial well-being of your family and loved ones with assets that, when inherited, can continue to grow as they pass from generation to generation It’s like creating a long-term safety net and preventing families from potential financial stress or problems.