Wealth does not pass three generations

I came across an interesting Chinese proverb and thought I’d share:

“Fu bu guo san dai”

  • Literally: Wealth does not pass three generations.
  • Meaning: It’s rare that the wealth of a family can last for three generations (the 2nd may see the value of hard work, but the 3rd forgets it).
  • Explanation: In business, the first generation works extremely hard, so that the second generation reaps the benefits. By the time the third generation arrives, the wealth is squandered.

Source: http://en.wikiquote.org/wiki/Chinese_proverbs