"I didn't grow up with money. My friends were going shopping at the really fancy mall, and I had to go to the discount stores, so I didn't grow up with money. I even ended up having to go to food banks. So I understand how hard that is and how stressful that kind of living is."
"With stock options in the pharma industry, you make money, you invest it, and then you make money on the investments. The stock market's been very kind, and so that's where we made our wealth."
"Becoming a millionaire is definitely not as simple as pulling yourself up and just doing the hard work. There's so much else that factors in."
Victoria Hattersley, a 70-year-old millionaire from Washington, reflects on her journey from financial hardship to wealth. Growing up in an affluent town without money, she experienced food insecurity and economic stress. After starting her career in AIDS research at Harvard, she and her husband transitioned to the pharmaceutical industry where they accumulated wealth through salaries and stock options. Despite her personal success through hard work, Hattersley acknowledges that becoming wealthy involves factors beyond individual effort, including luck, opportunity, and systemic advantages. She recognizes the complexity of wealth accumulation and questions the sufficiency of the bootstrap narrative.
#wealth-accumulation #millionaire-tax #economic-mobility #pharmaceutical-industry #socioeconomic-inequality
Read at Business Insider
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