Quote:
Originally Posted by macmanmike6100
re: upper classes, it's easy to say that they "lose" it but wealth retention is actually quite higher among upper class individuals than middle or lower class (look who has more appreciating assets, for example)...read <a href="http://rds.yahoo.com/_ylt=A0LaRWR7Co1ES9MAZlVXNyoA;_ylu=X3oDMTB2cXVjNTM5BGNvbG8DdwRsA1dTMQRwb3MDMQRzZWMDc3IEdnRpZAM-/SIG=12n5757au/EXP=1150180347/**http%3a//www.amazon.com/exec/obidos/tg/detail/-/0671015206%3fv=glance">The Millionaire Next Door</a> for more.
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True. But there are people who have been raised in well-to-do families, went to the right schools, made all the right connections, yet never did so well. But they talk the right talk and know the right people, so as long as look presentable they still click in the appropriate social scene. I'm not talking wealthy entrepreneurs so much as New England/Episcopalian Ivy League, where old family connections are as important as $$$ in the upper crust. I know one of those guys -- he's driving a cab, but he still hobnobs with the old social networks in a spiffy blazer. And his old buds _know_ he's driving cab.