Reply to Net Worth Disparity among whites and blacks/hispanics

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am white and I got nothing from my parents and grew up with a single (divorced) mom. The only reason I have a nice lifestyle now, despite going to college (loans), is because[b] I married well[/b]. [/quote]

Ummm...you realize that the bolded part undercuts the first part? You may have not had inter-generational wealth but you married someone who did.  And that relative wealth will pass to your children.  That's one of the points of the article. [/quote]

Right, however the person I married is a 1st generation immigrant that came from nothing. He isn't black but he still was highly disadvantaged and did well for himself. [/quote]

I am a 1%er who is the first generation to go to college (lower class) married to a first generation to go to college (lower middle class). We benefited from no inter generational wealth transfer. In fact, the wealth transfer has been reverse.[/quote]

And you will end up transferring a ton of wealth to your kids.[/quote]

So? I have earned it.  [/quote]
No one "earns" becoming a 1%er.  If earn had anything to do with it the vast majority would be 1%ers and that mathematically just isn't possible.[/quote]

I could SAH and we'd be top 20 percenters. But because we both work, we're close to the top 1%.  How is that not earned?[/quote]

Salaries and investments made from savings from those salaries.
We can only answer if you tell us where you income is coming from.  Only from salaries?  From investments?  From business partnership/ownership?  Inheritance?  Property appreciation?  Patent/Book/Music/etc royalties? ....[/quote][/quote]

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