Page 42 - Payne Research Center ~ Money Matters

P A YN E C E N T E R . OR G
Passed Down Assets Other Achievement N/A Stability Freedom Money Intangibles Prosperity Happiness Education Comfortability No worries Business Family Security No Debt Savings Planned Goals
Helping Others 12 Old Money 12 Inheritance 11
0 50 100 150 200 Responses
Figure 5
Define Generational Wealth
How do you define generational wealth?
Source:
Financial Well-Being Survey
47
53
58
65
68
114
132
237
56
45
42
39
36
28
26
26
25
22
22
21
For these students, generational wealth is not simply about accumulating money and assets; it is about achieving financial freedom, stability, and comfort that can be passed down to future generations. This vision encompasses both tangible assets, such as savings and businesses, and intangible assets, such as happiness, family, and achievement.
This understanding of generational wealth reflects a desire to create a legacy of financial security and well-being for themselves and their families. It also highlights the importance of values such as achievement, success, and a secure foundation. These findings suggest that HBCU students are motivated not only by personal financial gain but also by a desire to uplift their communities and create a more equitable future.
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