Quote:
Originally Posted by Brian Swartz
The largest study on this topic I am aware of is by Ramsey Solutions, with the result that almost 80% of millionaires inherited nothing. I agree with you on the luck bit, but again it's not just luck or skill/ability. You need both. It's important to avoid the single-cause fallacy here IMO. You often have to be lucky, but you also very much have to be other things also.
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Ramsey Solutions is a company selling self-help guides on how people can make themselves rich. The study should, perhaps, be taken with a grain of salt.
Here's a different study:
http://files.faireconomy.org/sites/d...dBase_2012.pdf