Gallup surveyed people on attitudes toward rich people. Here are two very interesting charts that say a lot about the USA.
Why do you think this is the case? With all we hear about the inequality of wealth and the demonization of the One Percenters, this is surprising in that the trend hasn’t changed in the last 22 years. My thought is because most people (i) think some day they could be rich (see below), and (ii) they understand that rich folks earn their money by providing jobs for others. That is, they value our entrepreneurial capitalist system that rewards hard work, brains, and courage, and as a result benefit society.
I think this chart confirms the idea expressed above in that young people are optimistic and want to have the chance to get rich. Notice how that diminishes with age. By late in life, you’ve either made it or you haven’t. I think this is a very healthy statistic where half of our young people believe it is likely that they will be rich.
There are more interesting findings in the survey. Go here to see the entire report.