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My understanding is that a few hundred years ago most wealth was inherited land. Aristocracy was something you were born into. I'd love to see some statistics,
by stickfigure 8y ago
My understanding is that a few hundred years ago most wealth was inherited land. Aristocracy was something you were born into. I'd love to see some statistics, but I believe the percentage of "self-made" people is much higher today.
Modern society may have its flaws, but I do think this particular historical trend is positive.
- EliRivers 8y agoAlthough the trend is now heading back towards that (in some places, including the US and the UK); the wealth of your parents is a stronger indicator of future success than it was fifty years ago.