[stouset]

We have now moved the goalposts from starting to build generational wealth to maybe part of a down payment on a house in a low-demand area in their mid-forties, assuming they have enough income to still qualify for the loan on the property.

This is a great gift to the athletes, don’t get me wrong. There was just no need to oversell it.

[JumpCrisscross]

> moved the goalposts from starting to build generational wealth to maybe part of a down payment on a house in a low-demand area in their mid-forties

On what planet are hundreds of thousands of dollars not generational wealth if played right? You’re talking about sums that are on par with the 401(k)s of retiring union workers.

It’s not riches. But it’s enough to pass along to your heirs. That’s generational wealth.

[stouset]

On the planet where inflation turns $100k into an effective $20k by the time you family sees it.

If your only metric for generational wealth is that the next generation of your family gets it, then sure, tautologically the second amount paid out to your surviving family qualifies. I don’t think most people would consider splitting $20k amongst your heirs to be generational wealth, and I don’t think retiring union workers are a classic generationally-wealthy example that comes to mind for most people.

And again, note that retiring union workers today might hand down a $100k 401(k) to their families. At the time of the athlete’s death ~50 years from now, that number will likely be closer to $500k.