90% OF WEALTH IS INHERITED WORKING HARD IS ONLY A MINOR CONTRIBUTOR THIS IS ESTABLISHED FACThttps://twitter.com/deemadigan/status/1011425036199026688 …
The 90% figure is mostly an exaggeration/estimate on my part - it is extremely difficult to estimate precisely which portion of wealth is inherited. However, there are some excellent OECD reports on the subject of intergenerational wealth inequalities i.e. http://www.oecd.org/inclusive-growth/Bridging_the_Gap.pdf …
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Thanks, yeah I had a quick look and what I could find was a number around the 50% for the wealthy... which is still huge.
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Yeh it's a tough figure to calculate. What is wealth? What is inheritance? Does living in your parents' house rent-free until 25 count? What about gifts during your life? What we do know is that most people will die having almost exactly the same wealth as their parents
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