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80% of US millionaires are first generation.

https://www.washingtonpost.com/wp-srv/style/longterm/books/c....

Big difference between millionaire and centi-millionaire or billionaire though. You can save a million dollars just by making the median American salary and making large contributions to your 401k over 40 years, due to the power of compound interest.

> 80% of US millionaires are first generation.

Apples and oranges. Most of the wealth is not most of the wealthy people.

Inheritance doesn't start and stop at money. There are other inherited traits that may influence the scores of the people in the study.

Intelligence is hereditary too, in large part, so that would lead to the opposite conclusion right?