Reply to What % are you?

Forum Index » Off-Topic

Reply to "What % are you?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=SAM2]Here are a couple recent items on why the rich often feel poor.

http://www.psychologytoday.com/blog/hidden-motives/201103/why-do-the-rich-feel-poor
[quote]Such judgments depend on context. .... "Wealthy" compared with what? The relevant context here is the growing gap between the rich and the poor. That makes the poor feel poorer, but it also makes the rich at the bottom end of the spectrum feel poor as well.[/quote]

http://economix.blogs.nytimes.com/2011/01/11/why-so-many-rich-people-dont-feel-very-rich/
[quote]Why don’t people at the 90th percentile of the income distribution feel particularly rich? The answer is simple: because any Americans who are richer than this cohort are so much richer. ... Those in the middle earn a little less than people a few percentiles up from them, whereas those at the top earn a lot less than their counterparts in nearby, higher percentiles. ... In other words, at least in dollar terms, there is much greater inequality at the very top of the income scale than at the bottom or in the middle. ... when evaluating their own incomes, most families are trying to keep up with the Joneses: they envy the wealthier neighbor whose lifestyle they aim to match. And in dollar terms, the rich are falling far shorter of their respective Joneses than the middle-income and lower-income are. ... It is perhaps no wonder, then, that so many people who are statistically rich call themselves “upper middle” or even “middle class.” They are much, much richer than lots of poor people, but also much, much poorer than some very visibly rich people. From their perspective, they truly are in the middle.[/quote]

If you want to feel rich, I guess the solution is to hang out with people who earn less than you do.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics