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Rags to riches (also rags-to-riches) refers to any situation in which a person rises from poverty to wealth, [1] a form of social mobility. It is a frequent trope in fictional storytelling, where it is frequently portrayed as due to talent. The process can sometimes occur in real life, but the probability for any given person is very low, and depends chiefly on luck (e.g. winning a lottery) or inheritance.
The concept of "rags to riches" has been criticized by social reformers, anti-capitalists, revolutionaries, essayists, and statisticians, who argue that only a handful of exceptionally capable and/or mainly lucky persons can travel the "rags to riches" road, being the great publicity given to such cases causes a natural survivorship bias illusion, [2] which obscures cases contrary to the rags-to-riches narrative (sometimes called riches-to-rags [3] ).
Peña and Weiss argue these misapprehensions help keep the masses of the working class and the working poor in line, and prevent them from agitating for an overall collective change in the direction of social equality. [4] [5]