In spite of stereotypes of “old money” hoarding wealth in the U.S., only 21% of millionaires in the U.S. inherited money to achieve their status. Of those,…
In spite of stereotypes of "old money" hoarding wealth in the U.S., only 21% of millionaires in the U.S. inherited money to achieve their status. Of those, only 3% inherited $1 million or more and 16%.
It's sometimes said that it's better to be born rich than smart. But coming into the world with genetic or financial inheritances doesn't necessarily give you a leg up in life. Many variables affect.