That's why every 3rd generation tend to lose wealth but not always sometimes rich kids using their parents wealth to learn risks and only way to learn is not by theory but trough actions yes DONALD TRUMP burned a lot fathers wealth but off course one way you need to learn that and experince is only teacher.
If you are of the opinion that every 3rd generation tend to lose wealth, what about the reverse for the 3rd generation to gain wealth and prosperity? There are some families that their first and second generation were financially a shadow of themselves but at the third generation they pick up and begin to grow in wealth. You have to remember that these days families don't get poor perpetually because wealth creation has gone beyond only physical strength but how smart you work. There are investment opportunities that people are now open to and they tap into it. Some poor families in their first and second generation are no longer poor because of these opportunities scattered on the internet which bitcoin investment is part of it. You can become an influencer, own a YouTube account and gather followership for what you are selling or advocating for. You can disseminate information and have online classes online like mathematics, physics, chemistry, English etc. To this I have seen intelligent and brilliant teachers from poor homes that are earning alot from teaching pupils online. Therefore, wealth can be created in a third generation, I don't believe it is always lost in third generation.