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Apr 14, 2023

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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...

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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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