On Bloomberg’s list of the 100 wealthiest Americans, 73 are self-made and 27 have inherited wealth. http://j.mp/331FtiZ #CatoEcon #Cato2020pic.twitter.com/SDX0leNOR8
It's sort of like poker. You need a sufficient bankroll to withstand risk of ruin. People get lucky sometimes but otherwise to have 95% chance of beating RoR you probably need to be middle class or above, and the middle class is shrinking, as are opportunities for entering it