It is quite normal that wealth cannot last for more than three generations.
The reason is very simple.
First.
If the first generation of rich people can become the first generation of rich people, it must mean that this person has a strong sense of career and a strong mentality of making money. Otherwise, he cannot become the first generation of rich people. Even if the first generation of rich people is old, the desire to make money when he was young may not be reduced. But after all, he is old, and some of his ideas are not in line with the current market. If he still makes money when he is old, it is easy to fail.
Second.
The second generation of rich people have lived in the shadow of the first generation of rich people since childhood. Almost all the second generations that Uncle Peng knows, not only the second generation of rich people, their biggest wish is to surpass their parents one day and make themselves better than their parents. This is why many second generations of rich people cannot sit still and are likely to start their own businesses. You can't surpass your parents by working.
Third.
When you are the third generation of rich people, the family expenses are very large at this time. The first generation of rich people are old and need to spend money. The second generation of rich people are also old and have poor income. The third generation of rich people are used to a good life. Their normal annual expenses are several million. You can't save some money if you ask them to save some money. There are too few super-rich people who can maintain a luxurious life just by relying on interest. Once ordinary rich people lose their business, they can't survive for a few years just by relying on passive income.
Fourth.
As money becomes harder and harder to make, many people will inevitably turn their attention to the rich, that is, various traps will be set. Ordinary people will encounter telecommunications fraud, pig-killing scams, etc., and the rich will also have the kind of scams tailored for them.
So there are very few people who can stay rich forever.