2 ms·

I think the idea is that some of the people that have $1.25M now are not going to be around in 23 years, and that money will have gone to [inheritance, eldercar

I think the idea is that some of the people that have $1.25M now are not going to be around in 23 years, and that money will have gone to [inheritance, eldercare, etc], so who makes up the top 10% will change simply because of demographics.

sudosysgen 5y ago
As far as inheritance goes, nowadays inheritance will actually concentrate wealth as rich people tend to only have one kid.