Getting Rich America's New Rich and How They Got That Way [Hardcover]

Explores wealth in America, examining the sources of wealth and the impediments to wealth mobility.Although basic facts about wealth inequality are no longer a mystery, we still know very little about who the wealthy are, how they got there, and what prevents other people from becoming rich. That is, we know very little about the process of wealth mobility. This book explores wealth by investigating some of the most basic questions about wealth mobility. How much mobility is there? Has the nature of mobility changed over time? Is entrepreneurship important? How much does inheritance matter? What other factors encourage or prevent wealth mobility, and how do these change over the course of a person's life?Although basic facts about wealth inequality are no longer a mystery, we still know very little about who the wealthy are, how they got there, and what prevents other people from becoming rich. That is, we know very little about the process of wealth mobility. This book explores wealth by investigating some of the most basic questions about wealth mobility. How much mobility is there? Has the nature of mobility changed over time? Is entrepreneurship important? How much does inheritance matter? What other factors encourage or prevent wealth mobility, and how do these change over the course of a person's life?Although the basic facts about wealth inequality are no longer a mystery, we still know very little about who the wealthy are, how they got there, and what prevents other people from becoming rich. That is, we know very little about the process of wealth mobility. This book investigates some of the most basic questions about wealth mobility. The advantages of owning wealth and the elusive nature of true wealth have long made questions about the wealthy broadly appealing. In recent years, that interest has been amplified by dramatic economic changes and rising wealth inequality.Part I: 1. I'd rather be rich; 2. Trends in wealth mobility; 3. The new rich; 4. ló'