This gets us back to the question of whether having a 7 figure net worth makes you rich in today's wotld.

In order to do the Generational Wealth thing with the Trust Funds for your kids, if you set the Capital requirement at $10M for each kid's TF, you need to have that $10M above and beyond things like your own McMansion, cars etc that you need for your own living until you die.  To qualify for this class of people, the minute the kid pops out of the oven, usually the Grandparents of the kid go to the family lawyer and they make the typical "safe" portfolio of stocks, bonds and REITs and gift it to the kid (no inheritance tax), a Trustee is appointed to manage it and the kid gets some defined allowance until 21, when they can usually dissolve the trust and do WTF they want with the money.

So, in your case since it's 1st generation money the grandparents don't have the money, so you would need $10M for each kid, which I'm pretty sure you didn't have yet when they were born.  Maybe getting close to the point now where you could set up a Trust for a grandkid when one arrives.

Now, not being in the class of the filthy rich doesn't mean you're poor or even middle class.  That's more an income driven thing than a net worth thing.  These days to qualify for the 1% on Income, it's around $220K/yr I think.  Kdog definitely does not get near that number.  You probably surpass it.  Between his SS and suplemental employment earnings, K-dog is middle class.  Monsta is middle class and Knarf and I are poor.  No filthy rich Diners at this time I am aware of.

RE