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Reply to "If you grew up lower class and became rich "
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[quote=Anonymous]People in America are mostly self-made. See https://www.fool.com/the-ascent/personal-finance/articles/heres-how-many-multimillionaires-are-really-self-made/ (relevant quote below) Bank of America Private Bank surveyed people with household investable assets of more than $3 million and over the age of 21. Here's what it found when investigating how those multimillionaires built their wealth: 28% are legacy wealth. They had an affluent upbringing and an inheritance. [b]On average, 20% of their assets came from inheritance.[/b] 46% got a head start. This includes people who had an affluent upbringing with no inheritance, and people with a middle-class upbringing plus some inheritance. Those in the latter group got an average of 12% of their assets from inheritance. 27% are self-made. They had a middle-class or poor upbringing and no inheritance. --- Even the "legacy wealth" group only got an inheritance that was 20% is their assets.[/quote]
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