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Reply to "Does wealth beget Wealth?"
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[quote=Anonymous]I don't know a ton of people who grew up truly wealthy, but I do know a lot of people who grew up very solidly middle/upper middle class. Their parents went to college and pursued white collar careers and expected them to go to college and pursue white collar careers. Some of them are now way more successful than their parents. I think there are plenty of successful people whose parents were just of average wealth. I think it can be a lot harder if you grew up poor. Only a couple of the people I know who grew up poor are very successful today; more of them repeated a lot of the same patterns of their parents. They didn't go to college or dropped out early. They had kids too young. They ended up in lower paying jobs and never built up savings for home ownership. To get ahead, they probably would have had to have broken the cycle and gone to college or not had kids at 18/20.[/quote]
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