If you managed to go from poor/lower middle class – to upper middle class – good for you. But lets not pretend that most people that are rich – and low level rich starts around 500 000 Dollars income per year – less than 2% of the population makes this – only go rich because they had a head start and enough money to just pay people to do the hard work for them.
All the studies that claim otherwise are just Capitalist propaganda.
According to most studies – the major ones can be found here: https://www.creditdonkey.com/what-millionaires-do.html
Most rich people are self made. I call BS because:
“Another survey, conducted in 2017 by Fidelity Investments, found that 88% of millionaires reported being self-made.”
“Reported”? What weight does a study have that just asks the people – they say “yeah Im totally self made” and just takes these statements as fact without any check? The 500 000 Dollars or my parents “loaned” me arent even worth mentioning – right?
Also:
According to a study published in 2019 by Wealthx, here's the breakdown of millionaires with at least $30m in net worth:
- 67.7% are self-made
- 23.7% made their money from a combination of their own efforts and inheritance
- 8.5% inherited their wealth entirely
So everyone who didnt inherit money is self made? Because its absolutely impossible that people got money from their parents before these died right?
It all smells like propaganda to me