The 2 percent club: Why 2 percent of the population are wealthy but the 98 percent are not

By Corby Young

The distribution of wealth is not even among the population, with a small percentage of people holding a disproportionate amount of wealth. In many countries, it is estimated that around 2 percent of the population are considered wealthy, while the remaining 98 percent do not have the same level of financial resources. There are many reasons why this gap exists, including access to opportunities, education, inheritance, entrepreneurship, risk-taking, networking, mindset, and more.

Access to opportunities is a key factor that contributes to wealth accumulation. Wealthy individuals often have greater access to job opportunities, investment opportunities, and other financial opportunities that the rest of the population may not have access to. Education also plays a crucial role in wealth accumulation, as individuals with higher levels of education tend to earn more money and have greater access to job opportunities.

Inheritance is another factor that contributes to the concentration of wealth in the hands of a few. Wealthy families often pass on their wealth to their children, allowing them to start their adult lives with a significant financial advantage. Entrepreneurship and risk-taking also play a role in wealth accumulation, as starting a successful business or investing in high-risk, high-reward ventures can lead to significant financial gains.

Networking is also an important factor, as wealthy individuals often have access to social networks that provide them with valuable information and connections. Additionally, a high social status can lead to greater access to opportunities and financial resources.

Lastly, mindset plays a role in wealth accumulation, as individuals who are focused on building wealth are more likely to take the necessary steps to achieve their financial goals. Persistence is also important, as individuals who continue to pursue their financial goals despite setbacks and obstacles are more likely to achieve success

• Format: Paperback
• Language: English
• ISBN: B0BXNLB6WZ
• ISBN13: 9798385826186
• Release Date: March 2023
• Publisher: Independently Published
• Length: 78 Pages
• Weight: 0.22 lbs.
• Dimensions: 0.2" x 5.5" x 8.5"