feetpicdealer:

frettedwithgoldenfire:

tilthat:

TIL 70% of Rich Families Lose Their Wealth by the Second Generation. 90% by the Third.

via reddit.com

lmao no they don’t, the source for that is “the Williams Group wealth consultancy,” which if you google you find is a financial planning group for the uber-rich whose founder came by the 70% figure in a study himself that no one has verified in any capacity, and whose org is about teaching rich people how to keep more of their money to themselves. The very wealthy generally stay that way because it’s incredibly easy to be rich and have that money make more money

there was a study proving even descendants of wealthy families living under feudalism still have a ton of wealth today as a result

so I was definitely [thinking emoji] at this TIL

Reblogged 1 year ago from chefpyro (Originally from tilthat)
3,866 notes
Source: tilthat
  1. lookalivesunshine27 reblogged this from sex-acts-in-caps-lock
  2. beautifulnatureandart reblogged this from agrsp-archive
  3. largemannation reblogged this from garfimbo
  4. voidglitches reblogged this from gaymarxist
  5. alovelikethat-lightsthesky reblogged this from babyangelbi
  6. cold-oh-no-brrrr reblogged this from chubby-chestnaught
  7. daitaizai reblogged this from imsobaby
  8. hidingfromthespotlight reblogged this from godlingcaptainchristina
  9. ladysilvrene reblogged this from godlingcaptainchristina
  10. anime-manga-and-other-stuff reblogged this from godlingcaptainchristina
  11. godlingcaptainchristina reblogged this from chefpyro
  12. ladylivs reblogged this from kayevelyn
  13. kayevelyn reblogged this from unchargedlife
  14. ifjahisstandingbymyside reblogged this from agestofrobynhode
  15. agestofrobynhode reblogged this from go-sullivan
  16. bettys-mom reblogged this from fatherlyfeline