Declan
DP Veteran
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- Nov 2, 2014
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There's probably stats to cover this situation but it seems to me that many who were raised in poor families have managed to work their way up in the world if they educate themselves and work hard. Instead of sports or celebrities learn about investments in real estate, stocks, metals, and so on. Figure out what people need and give it to them. There's always room for another entrepreneur who is willing to give someone the best value for their dollar.
There have been lots of studies on this. The basics are that most poor people will always be poor and most rich people will never be worse than middle class. It is often referred to as "stickiness" at the ends of the spectrum. Interesting though, most of the wealthy family wealth dissipates quickly over a few generations.