Earlier quoted context omitted.
I think people have different definitions of "upper class". Maybe "Upper-middle class" would have been a better term, since pretty much everyone in the U.S. calls themselves some flavor of middle class. But my point is is that most people are not doing nearly as well financially as a mathematician/manager working at Westinghouse modeling nuclear reactors[1][2]. For example, 70% of americans have less than $1,000 of s…
I agree. The question is whether they were above or below the financial threshold where kids know they'll be fine no matter what they do, and so are freer to take risks and pursue their interests. That's a popular argument to make about entrepreneurship being a class privilege, for example showing up in many comments in this thread. I don't know where that line is, but my impression is that people making this argumen…
Above the first threshold, when you completely run out of money, your family sets you on your feet. Might move into the basement, might get some grudging bailout money, but you get made whole. Below it, you're homeless.
Above the second threshold, your dad or one of his golf buddies spots you $50k on good terms to launch your first business.
Looks like pg was comfortably above the first threshold, and well below the second.