I would argue that deferred consumption and reinvestment would help further, but still not necessarily enough. Jumping into the article that I linked, the auth

I would argue that deferred consumption and reinvestment would help further, but still not necessarily enough. Jumping into the article that I linked, the author was missing a critical chain of thought: that currently in the United States, the path to an "upward mobile" job generally follows these lines: 1. Get good grades in high school 2. Score high on the SAT (which has to be practiced), then get lots of help writing your college essay 3. Pick an area of study that corresponds with a well-paying occupation, and then get into a college that is solid in that department 4. Leverage the career and alumni network to find a well-paying job, or apply to business/law/medical school. At each step, you have to prioritize how you spend your limited time and energy. I grew up with parents who understood this point and focused my energy into each step when it was time to do so, so I was very lucky in that sense. I also worked my ass off, but steps 1 through 3 were very much helped along by parental guidance.