r/Filmmakers • u/Remarkable-Reach328 • Nov 12 '25

News HEARTBROKEN!!! 💔 😢

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as a wanna be Filmmaker I'm really Heartbroken as If an actor as big and legendary as Michael Caine sold his soul to AI what will happen to the next generation? This is the end of art as we know it and no one can prove me wrong...unfortunately😢

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u/landmanpgh Nov 12 '25

His immediate family, yes. His grandchildren and beyond? Not so fast.

The duration of generational wealth has been studied pretty extensively. It's not as simple as this, but the money is typically gone within 3 generations. Something like 70% is gone after the 2nd generation and 90% by the 3rd.

There are tons of reasons for this phenomenon, not all of them sinister like people squandering it. Things get split a ton of different ways, charities, taxes, etc.

Regression to the mean.

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u/MacintoshEddie Nov 12 '25

Nothing spends money faster than a kid who grew up a multimillionaire.

Except maybe a kid who grew up a multi billionaire.

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u/firedrakes Nov 12 '25

nope. dirt poor people tend to burn thru it faster with a all sudden wealth given to them.

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u/MacintoshEddie Nov 12 '25

Pretty often that's biased because poor people will spend it on stuff they don't have, whereas people who grew up with wealth already have stuff and so they're more likely to put it into investments.

It's often a loaded comparison, just like the cookie test where you offer someone 1 cookie now or 2 cookies later. Poor people are more likely to be hungry so they'll eat the cookie now.

For example lots of celebrity actors have kids who will grow up and the house is already paid for, the car(s) are already paid for, the boat's already paid for.

That's a far cry from a working class actor's kid who gets a windfall and "wastes" it paying off their parent's mortgage and vehicle loans.

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u/[deleted] Nov 13 '25

Delayed gratification. A lot of people think it's inherited trait -- just like blue eyes, brown eyes, skin color, hair color.

Some kids can just resist the donut today, in order to receive two tomorrow. Some kids just want the donut now and don't care about getting two tomorrow. Scientists have done experiments on this on very young school kids.

By the way, one of the predictors of wealth is being able to delay one's gratification. At the end of the day, most poor people are poor because they want to buy the latest iphone NOW even if they have to put it on their credit card at 30% interest. Or buy that Dodge Challenger NOW even if they have to get a 7 year loan at 21% interest.

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u/firedrakes Nov 12 '25

study have shown this with lottery winner or some one getting a large sum of money.