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It's not just having money, it's keeping it. Plenty if stories if lottery winners being back where they started soon enough. Plenty of poor athletes and musicia
by fwungy 4y ago
It's not just having money, it's keeping it. Plenty if stories if lottery winners being back where they started soon enough. Plenty of poor athletes and musicians too who once had it.
It takes intelligence and discipline to build wealth and if your parents have it they may pass that on to you. Sometimes that doesn't make you wealthy but they are still good things to inherit from your parents.
- foogazi 4y ago> It's not just having money, it's keeping it. It’s easier to keep it if everyone around you has it too > Plenty of poor athletes and musicians too who once had it. Again, easier to lose it if those around you don’t have it. Then you help out, buy mom a house, pay for medical care. Pay for nephews school, cousin’s rehab, brother needs a loan, etc.
- fwungy 4y agoBut look at some of the Asian immigrant communities who came to the USA dirt poor and worked the lowest tier jobs. Asians as a class now out-earn whites[0]. That they've managed this in the face of rampant anti-Asian discrimination in the US is all the more to their credit. [0] https://www.statista.com/statistics/233324/median-household-income-in-the-united-states-by-race-or-ethnic-group/ https://www.statista.com/statistics/233324/median-household-...
- legerdemain 4y agoSure, look at the Hmong in the US. Poor and rural before they came to the US, and still, on average, pretty poor and doing pretty badly in the US. Meanwhile, I have a lot of Chinese, Hongkongese, and Korean coworkers whose families are well-off enough that they don't need to work for a living, have relatives who don't work for a living, etc. So yes, lots of first-generation immigrants in US come from serious money overseas, and the ones who don't have worse outcomes on average.