However, attending a higher quality school can also have indirect effects on lifetime earnings through improved cognitive skills and/or the student staying in education for longer. Each of these channels are more likely to benefit the kids of richer parents, who tend to have access to better schools. They suspect their successes are due to wealth and position. It’s hard to be sure they have achieved anything, or are really liked by others. They are stung by others’ resentment of their good fortune. Fear of failure runs high among inheritors, especially if their father has been a huge success.
It is not always about beautiful homes, lush holidays, and expensive educations. When sons and daughters of wealthy families inherit their entitled fortunes, there are often dramatic side effects. And this is causing many-a-billionaire to re-think what they leave behind.Imagine being given everything you could ever want from a young age. The best education, holidays and homes, then told you never really need to work because your family has more than enough money.
