Janet Yellen recently provided a federal reserve study, with the ultimate findings being that income inequality creates different opportunities for people. Now this isn't exactly a big discovery, however it seems odd this study was performed. You can read the full article published on CCN Money here
It is my belief that everyone has certain advantages and disadvantages in life. Some people have more money, some people have better connections, some people have better family relationships, etc. etc. And there will always be someone out there with more advantages than you, which is where work ethic becomes key. However it can be very difficult to overcome if you are significantly disadvantaged.
For me personally, I think that someone coming from poverty and growing up to become middle class is a lot more impressive than a trust fund kid who makes upper middle class money. Meaning it is more about where you get to with what you have, than just a measure of dollars and career success.
Do you guys think the income inequality is playing a big role in how individuals turn out? Can you identify a solution that may be able to fix this issue Yellen points out? What is more impressive to you, creating more with what you are given, or sustaining what you are given (in this example at a very high initial level) initially?
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