The Forbes 400 List of Americans states that 70% of the people listed are "self-made." However, half of the top 10 wealthiest Americans on the list inherited all or some of their wealth. The rise of inherited wealth may signal that America may not be able to create the wealth the way it has over the last 20 years.
See Robert Frank, "Are We Entering the Age of Inherited Wealth?" The Wall Street Journal, Sept. 22, 2011.
Posted by William Alan Nelson II, Associate Editor, Wealth Strategies Journal
See Robert Frank, "Are We Entering the Age of Inherited Wealth?" The Wall Street Journal, Sept. 22, 2011.
Posted by William Alan Nelson II, Associate Editor, Wealth Strategies Journal
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