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Except that 80 percent of millionaires in the USA are first generation affluent. Google it, primary source is research conducted for the book the millionaire ne
by bennysomething 5y ago
Except that 80 percent of millionaires in the USA are first generation affluent. Google it, primary source is research conducted for the book the millionaire next door.
- moron4hire 5y agoExcept we're not talking about millionaires.
- claudiulodro 5y agoThe impression I got from that book is that the average millionaire is someone in their late 50s just about to retire, and they need that million+ for retirement. Statistically true, but not really relevant to entrepreneurship IMHO.
- spaetzleesser 5y agoMillionaires is probably not the right measure. Look at entrepreneurs. From my observation a lot of them come from families where the parents can help if the business doesn’t work out. This help may come in the form of having a place to move back, help with rent, buy a car, have relatives that have some money to invest. You don’t need millionaire parents for that but it makes a big difference.