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Apr 14, 2023

Since only a small percentage of the population are millionaires, having 20% of millionaires inheriting their way into that status means that if you come from wealth you're over 10x likelier to become a millionaire than if your family was poor or middle class. That may explain the apparent contradiction. Still, it shows there's still some inflow...

Opher Ganel
Opher Ganel

Written by Opher Ganel

Consultant | systems engineer | physicist | writer | avid reader | amateur photographer. I write about personal finance from an often contrarian point of view.

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