Jackie Wattles writes on CNN Money: “Most high net worth Americans say they worked their way up from a lower class. That’s according to a report released by U.S. Trust on Monday, based on a survey that asked 684 adults in the U.S. with $3 million or more of ‘investible assets’ hundreds of questions.
About 77% of those surveyed said they grew up in the middle class or lower, including 19% who say they were poor. And they credit their success to three somewhat surprising factors: Hard work, ambition and family upbringing. Respondents even went so far as to say that these influences were much more important than ‘connections’ or ‘innate talent.’ The survey was also a shout-out to strict parents. About 80% of respondents said their parents were firm disciplinarians. They also named ‘academic achievement,’ ‘financial discipline’ and ‘work participation’ as the family values that were most emphasized in their homes.” (cnn.com)
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