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Category

😹
Fun
Transcript
00:00I should start by saying that although this person is right generally,
00:02Beyonce is like not a great example to use for the overall phenomenon because the vast majority
00:06of inherited wealth is among white people. But what's really worth discussing here is just how
00:10much the American dream has us in a chokehold despite being almost completely inaccurate since
00:14like at least the 1980s. Like our class mobility is now pretty low compared to other developed
00:19countries and only about a quarter of wealthy people in America can meet the definition of
00:23what we would consider to be self-made wealthy. But perhaps the most insane thing is just how
00:27much it takes to get out of poverty. According to one study, the average American living in
00:31poverty would need 20 years of nothing going wrong in order to escape the poverty level.
00:36That means like aside from managing your money well, you would also literally have to just have
00:40insanely good luck for 20 years straight. Like no one expected illnesses, injuries, accidents,
00:44layoffs, deaths, or basically anything else that constantly happens in life. And yet despite all of
00:49this, most of us still at least subconsciously operate with the assumption that if we work
00:52hard enough and make the right choices that we too can end up rich. And until we fully acknowledge
00:57that America will basically never have class consciousness, that's it.
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