When one grow up wealthy, the fact that they have servants picking up after them, take vacations frequently and get a brand-new sportscar without any struggle can all be pretty hard to believe.
Most kids that are born into wealthy family will most likely will never have to struggle or hustle. They can screw up for many times and still be saved and start over. Or, they can get a finance degree from a top university and then change their minds later on and become an artist. They have tons of free time and time flexibility as they aren’t tied to careers.
As the results, it is common for the rich kids to often overestimate themselves without knowing a lot of struggle and hustle that they won’t understand growing up.
Overestimate and Pride With Privilege
Overestimate and pride could be annoying, especially if one didn’t do much to deserve what they have and use it as the advantage to look down on the others.
Growing up in a wealthy environment can create a sense of entitlement in children. When everything is handed to them on a silver platter, they may develop a skewed perception of their abilities and assume that they are entitled to success without putting in the same amount of effort as others. This can lead to a lack of appreciation for hard work and a sense of superiority over others who do not have the same advantages.
Let’s take it into simpler illustration below:
There were two runners competing for a run competition. Runner A were given 5 minutes extra in the beginning as the privilege as compared to runner B. Runner A ended won the competition. He is now overconfident and highly price over runner B.
Indeed, this illustration is not fair for runner A to be overconfident and overestimate himself.
There are popular question got people going in the society: Why are wealthy people that are born rich so proud of themselves when they didn’t do much to deserve their wealth?
Take a look at the most riveting responses and study below.
Shielded From Failure and Hardship
Born into wealthy, one can screwed up many times and had their parents to back up them. For instance, a wealthy kids can started over a new business after a screwed up business being made previously with the capital that they did not earn.
In some of the cases, some wealthy kids can just choose to not complete their study while a parent’s business is waiting for them to being taken over.
This situation can lead them to believe that they are invincible and can achieve anything they want. A study stated that it created a belief that success comes easily and an overestimation of their own abilities and accomplishments.
Difficulties of Understanding The Challenges and Struggles
When someone born wealthy, everything come in handy. Let’s take a milestone for the example. Most rich kids get their car and house at the very young age as the gift from their parents.
On the other hand, people from less privileged background need to struggle and hustle for a long time to purchase their own car and house.
They may have limited understanding of the challenges and struggles faced by people from less privileged backgrounds, leading them to believe that success comes easily.
Family Wealth Status and Brought Up
Family wealth status and the appraisal of being a “rich kid” can lead to overconfidence in some individuals. Research has shown that people who grow up in wealthy families are more likely to have high self-esteem and feel more entitled than those who grow up in less affluent households. This can contribute to a sense of overconfidence, where individuals believe they are more capable or deserving than others.
Additionally, the way that wealthy parents raise their children can also contribute to overconfidence. For example, some wealthy parents may give their children constant praise and validation, which can lead to an inflated sense of self-worth. They may also shield their children from failure or hardships, which can contribute to a belief that success comes easily and that they are invincible.
Circle and Exposure
Another factor that may contribute to overestimation among wealthy children is the lack of exposure to diverse perspectives and experiences. Children from affluent families may be surrounded by people who share their same socioeconomic status, race, culture, and beliefs.
This can limit their exposure to different perspectives and hinder their ability to empathize with those who come from different backgrounds. As a result, they may be more likely to believe that their experiences and opinions are the only valid ones, leading to a sense of self-importance and arrogance.
The Consequences
The consequences of overestimation can be significant, both for the individual and society as a whole. When children overestimate themselves, they may be less likely to seek feedback or guidance from others, which can hinder their personal growth and development. In addition, overestimation can lead to a lack of accountability and responsibility, as children may be more likely to blame others for their mistakes or failures.
Furthermore, overestimation can lead to a sense of entitlement that can hinder social mobility and perpetuate social inequality. When wealthy children assume that they are naturally superior to others, they may be less likely to acknowledge the advantages that come with their socioeconomic status and the disadvantages that others face. This can lead to a lack of empathy and a sense of detachment from the issues facing society, making it more difficult for them to work towards positive change.
The Solution
So, what can be done to address the issue of overestimation among wealthy children? One potential solution is to expose children to diverse perspectives and experiences. By providing opportunities for children to interact with people from different socioeconomic backgrounds, races, cultures, and beliefs, they can gain a better understanding of the world around them and develop a sense of empathy and humility. In addition, encouraging children to volunteer or participate in community service can help them develop a sense of responsibility and accountability.
Another potential solution is to promote a growth mindset, emphasizing the importance of hard work, perseverance, and learning from failure. By emphasizing the process of growth and development rather than the outcome of success, children can develop a sense of appreciation for hard work and a willingness to seek feedback and guidance from others.
Bottom Line
Among all the people that are born wealth, you might find multiple types of them from the lazy to hard-working. Still, not all rich kids are ended being a spoiled rich kid that overestimate their privilege.
For some rich kids that are hard working and ended up more success, do they have a right to be proud of their accomplishments? Sure they do. They studied, showed discipline, and learned a great deal.
Somewhere along the way those who are born rich overestimate and proud about themselves over others who were born into less favorable circumstances. In most of the cases, they forgotten the privilege factors that those who grow up in less affluent households don’t have.
