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This sounds like a big number, but consider this - if less than 10% of Americans are millionaires then this means that millionaire parents are more than twice a
by tomlock 9y ago
This sounds like a big number, but consider this - if less than 10% of Americans are millionaires then this means that millionaire parents are more than twice as likely to have millionaire children as non-millionaires.
This shouldn't gel well with someone who values meritocracy/social mobility.
- njarboe 9y agoParents have influence on how well their children do. Nature and nurture. Is this not the whole point of parenting? If millionaire parents are only twice as likely to have millionaire children I would be surprised.
- xorfish 9y agoHandling money responsibly is the easiest way to become a millionaire, not inheritance. Upbringing is important and I think children of millionaires are more likely to develop healthy spending habits.