White Anglo-Saxon Protestant

White Anglo-Saxon Protestant (acronym: WASP) is a term describing White Anglo-Saxon Protestants. They are a social group of white protestants in the United States. They are often of British descent, and typically wealthy and well-connected. 
They are not so influential as they were. However, WASPs are still well placed in major financial, business and legal firms, and in universities. Most U.S. presidents belong to this group. Exceptions include John F. Kennedy (who was a Catholic), Barack Obama (African American), and Joe Biden (also a Catholic).