Tim Wise » Getting What We Deserve? Wealth, Race and Entitlement in America: "When it comes to wealth and asset status, the problems with mobility are even greater than for income. Research has determined that at least 45 percent — and perhaps as much as 80 percent — of an individual’s wealth is accounted for by intergenerational material transfers, either during the life of one’s relative or upon death. This suggests a deeply embedded and structural advantage for those who are born to affluence, which owes nothing to their own hard work.
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