The Economist explains. From the last pgraph:
“. . . the simplest way to become extremely rich is by being born to the right parents. The second-easiest way is to find a rich spouse. If neither approach works, you could try to get into a top college. . .”
I don’t know this to be true, but I suspect for the top 1% of Americans, their investment or “passive” income rivals or exceeds their job-based income. It’s as if they’re getting paid for two jobs despite just working one. Pieces like this make me wonder why are income and wealth so often conflated? There’s a correlation sure, but it’s nowhere near 1.0.