Many wealthy members of Congress are descendants of rich slaveholders − new study demonstrates the enduring legacy of slavery
theconversation.com
Researchers measured lawmakers’ wealth and found that those whose Southern ancestors owned slaves before abolition have a higher net worth today.
  • Grandwolf319@sh.itjust.works
    15·
    2 months ago

    Wealth, these studies find, often stays within rich families across multiple generations.

    I was told again and again in my school by my history teacher that generational wealth doesn’t work, and that spoiled kids become poor in a generation or two.

    This was related to justifying our economic system.

    So… it was always just a lie?