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.
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.