In North America, the three-generation rule is described by the adage "from shirtsleeves to shirtsleeves" in three generations

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The adage "from shirtsleeves to shirtsleeves in three generations" describes a pattern where the first generation makes the wealth, the second generation enjoys it, and the third generation squanders it, leading back to the financial starting point of the first generation.

In North America, the Three-Generation Rule Is Described by the Adage