More not widely known info:
“General Facts About The New Elite
For every 100 new elite members in the United States:
The average age is 47 years old
90 to 95 made the money themselves; only 5 to 10 inherited it
90 are college graduates; 10 are not
For those who are college graduates, 3 out of 4 did not attend an Ivy League school
8 are Asian (defined including those from Indian subcontinent); nearly 3x the rate found in the population
96 do not own a yacht; 4 do
50 haven’t furnished their homes in any way that would reflect their economic status
Stealth Wealth
The most shocking statistic about the new elite in the United States? For every 100:
80 practice “stealth wealth” so friends, family, and neighbors don’t know they are members of the new elite.
20 are known to be rich by family and friends”
By ‘the new elite’, he means the sample of well-off guys with an average financial net worth of $5 million that he studied. The results might be different if you studied guys with an average of $100 million.