3 ms·
Maybe? If r only exceeded g in the past 20 years or so, though, we would expect that most of the wealthy would have acquired their wealth at a time that g > r.
by billjings 7y ago
Maybe? If r only exceeded g in the past 20 years or so, though, we would expect that most of the wealthy would have acquired their wealth at a time that g > r.
Point being that wealth is a lagging indicator. If I'm 25, I'm making my way in a different world than the one my grandfather grew up in.