[Drew_]

OP described a group of families that accrued wealth over 3 generations "without inheriting any wealth". Assuming they weren't orphaned at birth, each generation definitely benefited from the fruits of the previous generation. Even without an overt handout like a trust fund, we still inherit wealth from our ancestors (eg: housing, health care, education, credit, social networks, etc). In this case, the "handout" would have been their upbringing. They feel "the system is working" because of this, but not everyone in the system has an ancestry like this.

[monktastic1]

So by your definition, anyone who isn't an orphan is a beneficiary of generational wealth? In fact, even orphans are, because they inherited genes, weren't left to die, etc.? I suppose that is a definition, but it doesn't seem like a useful one, especially in the context of this conversation. Or maybe I've just misunderstood you?