'What is Generational Wealth'

CNBC Select spoke with Shelley Halstead, founder and director of Black Women Build-Baltimore about her definition of generational wealth and why it matters in America.

by Megan DeMatteo

Generational wealth is about more than how much money you have — though money is, of course, a key part.

To Shelley Halstead, founder and director of Black Women Build-Baltimore, generational wealth is also about habits as small as packing your lunch instead of buying it out, or what you and your family talked about around the dinner table.

“My parents budgeted, and I learned that it was just part of growing up,” Halstead tells CNBC Select…

Shelley Halstead, Executive Director of Black Women Build - Baltimore, 2018
Shelley Halstead, Executive Director of Black Women Build - Baltimore
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