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submitted 3 days ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmy.world/post/23703739

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[–] [email protected] 2 points 3 days ago

There is, but it's basically made up to support the notion that it's very difficult to stay rich. It's actually very rare for subsequent generations to lose inherited wealth, it just gets partitioned out so there are dozens or hundreds of rich people instead of one disgustingly wealthy individual.

Similar to lottery winners losing everything, it makes a much bigger headline when one loses everything despite it being incredibly uncommon.