The 9.9 Percent Is the New American Aristocracy

9/2/2018

This article from The Atlantic discusses the emergence of a new American aristocracy, composed of wealthy families who perpetuate their wealth and social status across generations. The author argues that this new aristocracy is not defined by noble titles or lineage, but by a combination of socio-economic factors, including education, occupational prestige, and geographic concentration. The article explores the advantages and privileges enjoyed by this new elite, such as access to top schools, exclusive networking opportunities, and the ability to pass on significant wealth to future generations. It also highlights the implications of this growing divide between the affluent class and the rest of society, including reduced social mobility and the erosion of equal opportunity. The author concludes by urging for a reexamination of the American dream and the need for policies that promote a more equitable society.

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