From what I have seen generational wealth is about an 80% predictor of future economic standing. Children of executives became upper class. Children of managers, engineers, etc. become middle and upper middle class. Children of blue collar workers become lower to middle class. I believe that it is not the cost of education which is the barrier but the "know-how". This is profound in that most anyone, regardless of economic background, can acquire this know-how and break the generational...
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from Generational wealth is the rule? How to break the barrier.
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