A survey of the global elite shows the ‘great transfer’ between generations has overtaken entrepreneurship
  • Lvxferre@lemmy.mlEnglish
    15·
    2 years ago

    Relevant detail: the amount of wealth that you’ve inherited allows you to take riskier and thus more profitable decisions to accumulate further wealth later on. So it is not an “either this or that” matter - it’s both.

    • Gork@lemm.eeEnglish
      8·
      2 years ago

      Yeah if I had a several million dollar inheritance it is trivial to spin up a new business and make more money.

      Otherwise it’s business loans and stressing to get those paid off while keeping a profitable business.