There are plenty of wealthy people (mainly inherited) who became poor after bad investments.
But, obviously if you have significant amounts of capital, it's harder to lose it all.
But, obviously if you have significant amounts of capital, it's harder to lose it all.
But it is just a statistical fact, that moving up from being really poor today has become much more difficult than it was decades before, maybe with the exemption of being a computer scientists (but also there it is not so easy for a normally gifted person to finish studies and so on without help from the parents).