I see two sides of this generation thing - yes, some families have wealth to hand down and they are priveleged / get a head start. If you don't then it doesn't matter if it was 1 or 100 generations - you got nothing and start from the same place that most other people did.
So, I appreciate that as a group, there are fewer black people who are likely to have inherited wealth. But as individuals, there are lots of people who got the same big fat nothing regardless of their color.
It's what you then do with your life that matters.
And what do you do to change things? You can only change the future, we cannot change the past.
Wealth is only ONE aspect; you can't ignore the psychological effects of the COMBINATION of:
a) being born into poverty
b) having no peers around you that succeed to follow in their example
c) lack of exposure of positive influences or receiving lackluster education. There is a HUGE difference in the quality of inner city education (and also the distraction of dangers within - it's harder to study when you're worried about being beaten or killed daily)
d) the effect of poverty on the brain. Not being properly fed as a child stifles mental development.
e) having no safety net. Successful family, property, etc. all serve as safety nets that allow someone to take more chances. Without these, there's a huge difference.
It's easier for me to "see" how people live in their day to day lives and how these things can affect them because I lived all sides, and can directly empathize. Therefore, in explaining this, I'm not really "attacking" anyone; I'm just showing that most people are only thinking of it in broad terms, and not looking at how broad things effect the microtransactions in one's life and change who the person is, and how they make decisions.