Actually, it goes almost exactly backward. Third generation of rich goes to much... | Hacker News

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		thesz on Sept 22, 2020 \| parent \| context \| favorite \| on: Over 90% of Indian techies in the US are upper-cas... Actually, it goes almost exactly backward. Third generation of rich goes to much poorer life. And most billionaries are first-generation: https://www.cnbc.com/2014/07/16/how-to-stay-rich-for-three-g...

bluGill on Sept 22, 2020 [–]

Middle class not rich. Getting out of being poor is hard on its own. Getting from middle class is "easy" in that random children from middle class raise to rich all the time. However poor have other disadvantages that they need to deal with, and that is hard to do in one generation.

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