What is rich? Not many people are born in the top 1% -- by virtue of most people being born in the other 99%. More than half of the top 1% was not born in the

What is rich? Not many people are born in the top 1% -- by virtue of most people being born in the other 99%. More than half of the top 1% was not born in the top 1%. Only 1.2% of children born into the top 1% out earn their parents [1]. The elephant in the room is luck. Being born rich is an element of luck, but it's not everything. [1] https://www.forbes.com/sites/aparnamathur/2017/05/04/poor-rich-kids-the-mysterious-decline-in-mobility-at-the-top/ https://www.forbes.com/sites/aparnamathur/2017/05/04/poor-ri...