LARB always has great essays about this biz of ours. Alexis Clements writes What Are the Chances? Success in the Arts in the 21st Century and concludes that money is a bit of a dirty secret in the arts. Most artists working at art or writing full time have ancillary income–help from a spouse, inheritance, real estate success.
“The chances of your book becoming a New York Times best seller in 2012: 0.002 percent ” -Alexis Clements