That used to be the norm. Problem is our parents(Boomers) leveraged the fuck out of everything they had so there is nothing to pass down, only debts to settle.
They didn't just leverage what they had, they borrowed against a future they will be dead and gone long before it arrives.
This is correct
In England in the 19th century, in the upper and middle classes, it was expected that the grandparents would pass down wealth to the parents, who would pass it down to the children. Many "gentlemen" never worked a day in their lives -- they lived on inherited wealth. It was a scandal if the head of a family line squandered the family wealth, thereby cutting off the inhereted revenue stream.
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