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by MontyCarloHall 1659 days ago
> Rich people historically have been able to just stay rich whatever happens.

That’s not true. 70% of rich people lose their wealth within two generations; 90% within three.

https://money.com/rich-families-lose-wealth/

1 comments

If I had a dollar every time this Williams Group study is brought up... I'd have no trouble making my descendants permanently rich!

Funnily enough, that consultancy offers the service of fixing that problem, so I guess de authors of the study won't have any issues with that either.