What I learned from teaching the children of the 1%
fastcompany.com
fastcompany.com
Rich people historically have been able to just stay rich whatever happens. Sometimes a little less rich, sometimes much richer. A few notable exceptions, but then again… raising kids to aim for “epoch changing discoveries” is just a silly overblown expectation.
That’s not true. 70% of rich people lose their wealth within two generations; 90% within three.
Funnily enough, that consultancy offers the service of fixing that problem, so I guess de authors of the study won't have any issues with that either.