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Where does that info come from? I went to school with people whose wealth can be traced back more than 20 generations. They didn't seem to getting poorer.
by scandox 8y ago
Where does that info come from? I went to school with people whose wealth can be traced back more than 20 generations. They didn't seem to getting poorer.
- aaomidi 8y agoExactly this. It's extremely difficult to lose your money at that stage.
- lprubin 8y agoHere is some data showing 70% by the second generation and 90% by the third: https://www.google.com/amp/amp.timeinc.net/time/money/3925308/rich-families-lose-wealth https://www.google.com/amp/amp.timeinc.net/time/money/392530... Perhaps you just met some of the exceptions.
- monocasa 8y agoDo you have data that isn't a blatant ad campaign consisting of pithy statements from a wealth management company trying to scare people into letting them manage their money?
- robocat 8y ago"The richest families in Florence in 1427 are still the richest families in Florence" https://qz.com/694340/the-richest-families-in-florence-in-1427-are-still-the-richest-families-in-florence/ https://qz.com/694340/the-richest-families-in-florence-in-14...