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There's a book called "The Millionaire Next Door" that gives all the citations you could ask for on this topic. It basically corroborates what you're saying --
by adammichaelc 16y ago
There's a book called "The Millionaire Next Door" that gives all the citations you could ask for on this topic. It basically corroborates what you're saying -- wealth usually doesn't last past the 2nd generation.
Link: http://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/dp/0671015206 http://www.amazon.com/Millionaire-Next-Door-Thomas-Stanley/d...
- billpaetzke 16y agoYep. And this book is an excellent read and resource to have. It is saturated with great observations and solid data. Highly recommend it.
- infinite8s 16y agoHence the dictum: Rags to rags in 3 generations.