The What Is It device was used in flame emission spectroscopy. Natural gas was piped into the horizontal tube and lit on top. Air was drawn through the hole in the glass. The substance to be tested was either held in the bottom of the glass or sprayed through the hole. Missing is the spectrometer used to analyze the colored flame. To see a demonstration of emission spectroscopy, watch the first episode of Breaking Bad.
I am sorry, but if the data is right, the conclusion is wrong. The majority of people born in the bottom quintile improve their lot. The same statement holds for the second quintile.
Now, take a look at the "Failure Rate" of the fourth and fifth quintile. Combined, 56% of them do worse than their parents. The conclusion I reach is that it is relatively easy to improve your financial lot in life but difficult to maintain it.
I will leave it to you to figure out why.
Now, take a look at the "Failure Rate" of the fourth and fifth quintile. Combined, 56% of them do worse than their parents. The conclusion I reach is that it is relatively easy to improve your financial lot in life but difficult to maintain it.
Step 2. Crunch the data until some strange correlation shows up.
Step 3. Publish single correlation as a result along with quotes supporting it.
Step 4. Fame
1. Wealthy parents divorce. Children are taught to hate one parent and then learn to hate the other.
2. wealthy parents do not trust their children any more than they trust anyone else. that alone builds resentment.
3. "wealth" frequently is just an appearance. Being brought up with the trappings and discovering the lie will make you hate everyone involved.