[mettamage]

I seriously the generalizability of your claim. I used to think the same way, until I saw articles like this about Florence (Italy): https://qz.com/694340/the-richest-families-in-florence-in-14...

[read_if_gay_]

It’s true there are outliers, and especially so at the very top, but the general trend is pretty strong. 80% of American millionaires are first-generation. Pointing at the 0.0001% says very little.

[burntoutfire]

Perhaps the problem is the cutoff? A million dollars is not "wealth", not anymore. It's just 2-3 houses in a big city or half a house in SV.