That is true today. Will it be true 50 years from now?
The majority of wealthy people today grew up in the 1970s, which was a very different environment from today.
The majority of wealthy people today grew up in the 1970s, which was a very different environment from today.
Almost certainly, unless the “we prefer everyone equally poor” brand of politics succeeds. The most insidious belief is that the system is some how rigged against you no matter what you do. It just isn’t true.
The system IS rigged against you, aka the working class, and in favor of the asset/capital owning class.
Moving up from the former category, to the latter, considering the wage stagnation and the interest rate and CoL increases, is very VERY difficult, so scoffing it off as if it's something trivial that anyone can do and if they don't the it must be their fault, is just laughable.
So, you see, it's difficult to know these days what's sarcasm and what's not as so many people, especially here, are completely detached from the reality of the average person and live in a bubble of their own farts.