> But also there is a lot of upwards mobility.
There's increasingly less in the USA. In fact, most people today will end up worse off than their parents.
https://www.weforum.org/stories/2020/09/social-mobility-upwa...
There's increasingly less in the USA. In fact, most people today will end up worse off than their parents.
https://www.weforum.org/stories/2020/09/social-mobility-upwa...
There can be a lot of upwards mobility (say 10%), and there can be a lot of statics (say 90%)
The datapoint I remembered is that a huge fraction of billionaires wer3 first generation billionaires.
But that may not mean much for the greater part of the population.
So we may be saying things that sound contradictory, but are congruent.
Millionaires too.
The last bit is sus though. "Only inherited after making a million". Sounds like it would include born rich, high education, basic necessities covered, can work on startups without worrying about earning a salary, many such cases.