Labor income key to wealth, not inheritances; parental wealth shapes children's fortunes.
The article explores where people's wealth comes from and how it relates to their potential wealth. By studying data from Norway, the researchers found that most people's wealth comes from their job income, except for the very wealthy who rely on investments. Inheritances don't play a big role in wealth accumulation, but parents' wealth does influence their children's wealth. This shows that where people get their money from varies depending on how much wealth they have.