Thursday, April 17, 2008

Hard Work or Inheritance?

How do America's multi-millionaires make their money?
  • 69% through hard work, business ownership or investments
  • 25% through a combination of hard work and earnings
  • 6% through inheritance
How does how you made you money affect your views?
  • Recession: Heirs are less likely to worry about a recession (27% of heirs said it was a serious concern vs. 36% of earners)
  • Risk: Earners have a higher tolerance to taking financial risks (29% are moderate to risky investors vs. 21% of heirs)
Source: Wall Street Journal Wealth Report, April 11, 2008

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