In ancient Rome, the wealthy noble citizens were known as the Patricians, while the lower class citizens were call the plebians. The plebians had far less social impact than the Patricians.
Main advantages would have been that there are bigger cities, better doctors and bigger businesses. Also if you were black, slavery wasn't allowed. Disadvantages would've been mostly political, like the fact that the economy could crash at any time. and that second part is your opinion fam