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>The researchers found that the typical rich American is, in their words, the owner of a “regional business,” such as an “auto dealer” or a “beverage distributo
by vannevar 4y ago
>The researchers found that the typical rich American is, in their words, the owner of a “regional business,” such as an “auto dealer” or a “beverage distributor.”
It would be interesting to see how many people who own auto dealerships or beverage distributorships grew them from nothing versus bought them. I have frequently heard both of these businesses described as licenses to print money, and have seen that firsthand with some auto dealerships (notably Toyota). Retired athletes often buy into these businesses for that reason.