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Hi! My name is Freiman Santiago, I'm a 20-year-old Colombian engineering student with a laptop, a camera, and $25. In this video, I break down what the data actually says about wealth inequality, social mobility, and whether someone from the bottom of the economic ladder can realistically climb to the top. Instagram: / freiman_santiago Music licensed through Epidemic Sound 0:00 The Stadium 0:55 The Ovarian Lottery 3:58 The Broken Engine 5:27 The Lever - Permissionless Leverage & The Internet 7:39 Social Capital (The #1 Predictor) 10:04 The Role of Luck & The Default Path 12:54 Final Thoughts & What's Next SOURCES & REFERENCES Wealth Inequality (Stadium Analogy): UBS Global Wealth Report 2024 / Credit Suisse Global Wealth Databook https://www.ubs.com/global/en/family-... Social Mobility (90% → 50%): Chetty, R., et al. (2017). "The Fading American Dream: Trends in Absolute Income Mobility Since 1940." Science, 356(6336), 398–406. https://doi.org/10.1126/science.aal4617 Vimes Boots Theory / Poverty Premium: Originally from Terry Pratchett, Men at Arms (1993). Concept validated by The Joseph Rowntree Foundation & Harvard Business Review. Life Expectancy Gap (14.6 Years): Chetty, R., et al. (2016). "The Association Between Income and Life Expectancy in the United States, 2001–2014." JAMA, 315(16), 1750–1766. https://doi.org/10.1001/jama.2016.4226 Poverty & Cognitive Function (IQ Drop): Mani, A., Mullainathan, S., Shafir, E., & Zhao, J. (2013). "Poverty Impedes Cognitive Function." Science, 341(6149), 976–980. https://doi.org/10.1126/science.1238041 Capital vs. Wages: Piketty, T. (2013). Capital in the Twenty-First Century. Harvard University Press. Social Capital (#1 Predictor of Mobility): Chetty, R., et al. (2022). "Social Capital I: Measurement and Associations with Economic Mobility." Nature, 608, 108–121. https://doi.org/10.1038/s41586-022-04... High Income Skills & Labor Market Trends: LinkedIn Economic Graph (2024) / World Economic Forum, Future of Jobs Report 2023. https://www.weforum.org/publications/... Permissionless Leverage: Naval Ravikant, The Almanack of Naval Ravikant (2020) by Eric Jorgenson. This video is for educational and entertainment purposes only. Nothing here is financial advice. I'm a college student with $25 please don't take financial advice from me. #money #economics #socialmobility #entrepreneur #leverage #wealthinequality #personalfinance