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http://www.washingtonpost.com/wp-srv...renextdoor.htm
About Millionaires: [ QUOTE ] * Only 19 percent receive any income or wealth of any kind from a trust fund or an estate. * More than half never received as much as $1 in inheritance. * Fewer than 25 percent ever received "an act of kindness" of $10,000 or more from their parents, grandparents, or other relatives. * Ninety-one percent never received, as a gift, as much as $1 of the ownership of a family business. * Nearly half never received any college tuition from their parents or other relatives. More than one hundred years ago the same was true. In The American Economy, Stanley Lebergott reviews a study conducted in 1892 of the 4,047 American millionaires. He reports that 84 percent "were nouveau riche, having reached the top without the benefit of inherited wealth." [/ QUOTE ] |
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