Iverson's story is a classic case of confusing income with wealth. Making millions doesn't automatically make you upper class - it just makes you a rich employee. Real wealth is generational, built on assets and connections, not just paychecks.

The guy was flashy with his money instead of investing it wisely. Upper class families teach their kids about preservation and multiplication of wealth from birth. Iverson learned to ball, not to build lasting financial empires.

His bankruptcy wasn't shocking - it was predictable. Most athletes go broke because they mistake temporary earning power for permanent wealth status.