For generations, the formula for getting ahead in America seemed straightforward: Go to college, work hard, save your money, buy a home and climb the economic ladder.
Today, that formula increasingly depends on something many Americans can’t control: whether their family has the financial means to help along the way. Without that support, many Americans face mounting debt and an increasingly difficult – if not impossible – path to homeownership and wealth accumulation.
Oh sweet summer child, inherited wealth has always been the American dream. How do you think 99% of our oligarchs got to where they are today?
I think they mean just the general population needs help now, not by inherited money but by parents supporting the kids while they are still alive.
parents supporting the kids while they are still alive.
Hahahahahhahahahahahahahahahhahahahhahahahahahahhaa