JULY 14, 2000 

 
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Did You Know?

Making Money the Old-Fashioned Way

  • Among the top 5% of households ranked by wealth, inheritances account for less than 8% of assets.
  • Among U.S. millionaires, 80% have acquired wealth in a single generation, without the benefit of inheritance.
  • Inheritances are a significant source of wealth for only 10% of the wealthiest 1% of Americans.
Source: National Center for Policy Analysis, Policy Report No. 235, 7-2000