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umka2103 [35]
3 years ago
5

How does inheritance help future generations accumulate wealth ?

Social Studies
1 answer:
Reptile [31]3 years ago
5 0

Answer: By definition, generational wealth represents assets passed down from one generation to the next. If you can leave behind a notable inheritance to your descendants, that constitutes generational wealth. These assets can include real estate, stock market investments, a business, or anything else which contains monetary value.   People who inherit generational wealth have a significant financial advantage over those who do not. They likely have the ability to avoid student loans as well as other types of costly debt. Instead, their inheritance could go towards income-generating investments, assets which appreciate in value, or even towards purchasing their first home.

Explanation: To generate wealth you can pass on, you need to acquire assets or save money you won’t need to spend in retirement. You then pass down the money and assets to children or other younger relatives.  

While the concept is simple, unless you had wealth passed down to you, accumulating extra assets can be slow. Fortunately, it’s entirely possible if you are strategic with your finances. These four strategies are the most accessible paths toward building generational wealth.

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Imperilism

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Imperialism is a policy or ideology of extending the rule over peoples and other countries, or extending political and economic access, power and control, often through employing hard power, especially military force, but also soft power. While related to the concepts of colonialism and empire, imperialism is a distinct concept that can apply to other forms of expansion and many forms of government.

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Answer:

The Gobi Desert (/ˈɡoʊbi/) is a large desert or brushland region in Asia.[1] It covers parts of Northern and Northeastern China and of Southern Mongolia. The desert basins of the Gobi are bounded by the Altai Mountains and the grasslands and steppes of Mongolia on the north, by the Taklamakan Desert to the west, by the Hexi Corridor and Tibetan Plateau to the southwest and by the North China Plain to the southeast. The Gobi is notable in history as the location of several important cities along the Silk Road.

Gobi Desert

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In the U.S., each additional year of schooling has historically raised a person's wage on average by about ________.a. 5 percent
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Historically, in U.S additional schooling years have raised a person's wage in average by about 10%. There is a wide gap between educated and uneducated is wide because employers tend to pay more for educated workers because of their certification and ability to facilitate positive work through the rigourous training they have undergone unlike uneducated workers. industries with higher education and training requirements tend to pay workers higher wages. The increased pay is due to a smaller labor supply capable of operating in those industries/organizations, and the required education and training usually have significant costs.

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