Question

Do you think that, today, most people at the top of American society (politically, economically, socially) are born into their positions or get there by their own work? Why do you feel this way? (Include colonial and modern america)

Answer 1

Ans. According to several studies in America the no of people at the top of American Society (politically, economically, socially) are by and large self made or get there by their own work then they are born into their positions. For eg. According to one study based on data of 2018,67% of the wealthy americans (Who have wealth of more then 30 million dollar) were self made, and only 33% of the wealthy were combination of inherited and self made. The key reasons for the self made people to succeed were identified as opportunities in the technology sector and because of higher opportunities due to globalization of the trade and commerce. This was also driven by the new generation of enterprenurs and growth in the baking, financials, real estate, e commerce and other new age industries