> If getting a million dollars wouldn't affect how much money you can leave your kids, you already have generational wealth.
Well said.
Where I live, one million dollars would allow me to pay off my house, open healthily sized investment accounts for my kids, pad my investment account, setup a trust and, overall, set my family up for a comfortable life in the future. I don't see how that isn't generational wealth.
Generational wealth is where you can also do all of the above for your kids and potentially their grandkids as well.
Basically the bar is higher than "something you can pass down". It is enough that the next generation does not need to worry about making money either.