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TopicDo people that are born poor have "low chance" to make it in life?
aywwsd87
06/13/20 7:42:00 PM
#20:


another aspect is risk aversion. if your parents are wealthy, you are able to take some financial risks. even if you fail, you can fall back to your family.

if your family is poor, you really can't afford to fail.

let's say as twenty somethings, you get a business opportunity, but it will cost everything you have on top of a hefty loan. how many poor kids can actually accept that level of risk??

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