"Despite all their supposed advantages, today’s rich kids have grown up in such bubbles of privilege that they’re not prepared for today’s increasingly competitive job market. They don’t make good investors, they don’t compete well for the top jobs, and they’re not hungry for success like kids who grow up in middle-class homes can be. Eventually, I argue, their money will run out. And much of the inherited wealth in America will flow back to people who actually earn it — as it has throughout history. This is what makes wealth in America dynamic, rather than dynastic."
-WSJ Blog
http://blogs.wsj.com/wealth/2007/07/30/why-rich-kids-dont-stay-rich/?mod=homeblogmod_thewealthreport?mod=fpa_blogs
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment