I don't think you need a source. It's pretty obvious that is the case.
Not only are wealthier people, or people from wealthier families, more likely to be able to take the time to start a business, but they are also able to try and fail many times until they succeed.
But I would guess there is a fall off when you get to a certain level of wealth. A very wealthy heir would be less likely to be driven to start a business.
So you need just enough poverty to create desire and urgency, but not so much that you have to stay stuck at a dead end job to make ends meet.
I came from a middle class home and while my parents didn't ever give me much money, they were always there as a safety net. If things didn't work out, I would always have a hot meal and a bed to sleep ok if I needed it.
Not to mention, they were able to co-sign on my first home loan and paid for half of my first car. Generational wealth - whether it is in cash, land, homes, education, or even just good credit, is a powerful thing.
> So you need just enough poverty to create desire and urgency, but not so much that you have to stay stuck at a dead end job to make ends meet.
Having witnessed what poverty can do to ruin people, that's a tough statement to agree with.
Perhaps this may serve as a counterpoint, in terms of how to "create desire and urgency" - to encourage people's self-motivation. A person whose base needs (in terms of Maslow's pyramid) are met, who doesn't have to worry about food and shelter - they do not necessarily stop being productive members of society.
I recently started reading a book called Drive: The Surprising Truth about What Motivates Us.
The thesis is that the following will result in increased performance and satisfaction: autonomy, mastery, and purpose.
My view is that society is failing the public, especially the poor, in providing an environment where physical, psychological, and social needs are adequetly met. There's too much unnecessary suffering for how rich and abundant life can be for the least among us.
I was using poverty only relatively. By just enough poverty, I meant, just middle class enough to have a safety net. Which isn't actually poverty. But I suppose it could be considered poverty when compared to extreme wealth.
Not only are wealthier people, or people from wealthier families, more likely to be able to take the time to start a business, but they are also able to try and fail many times until they succeed.
But I would guess there is a fall off when you get to a certain level of wealth. A very wealthy heir would be less likely to be driven to start a business.
So you need just enough poverty to create desire and urgency, but not so much that you have to stay stuck at a dead end job to make ends meet.
I came from a middle class home and while my parents didn't ever give me much money, they were always there as a safety net. If things didn't work out, I would always have a hot meal and a bed to sleep ok if I needed it.
Not to mention, they were able to co-sign on my first home loan and paid for half of my first car. Generational wealth - whether it is in cash, land, homes, education, or even just good credit, is a powerful thing.