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Most people believe their countries are doing too little to provide opportunities for all their residents. (Photo: Shutterstock)

Work hard and you’ll rise from poverty to comfort—that was the message of the once-popular Horatio Alger stories, which told of young men rising from poor backgrounds through hard work, honesty, courage and sheer grit to win secure places in the American middle class.

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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