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Saturday, August 13, 2005

The Theory of Devolution

From The (London, U.K.) Sunday Times of Aug. 14, 2005:

Lost fortunes in the family tree

LOIS ROGERS, SOCIAL AFFAIRS CORRESPONDENT

ONE of the biggest studies of inherited wealth in Britain, to be published this week, reveals that one in five of the population can trace their ancestry back to a family much grander and richer than themselves.

While half of those who used a new computer system to research their family tree back as far as 500 years found that they were upwardly mobile, at least 20% discovered that their ancestors had made (and then lost) a great fortune.

[snip]

[Read the whole story]

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