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> Poverty: It is now known that there is a rising gulf between subjective and objective well being. A majority of millionaires do not think they are rich. I thi
by yomly 7y ago
> Poverty: It is now known that there is a rising gulf between subjective and objective well being. A majority of millionaires do not think they are rich. I think this psychology will make it impossible to solve poverty.
I'd argue (and I'm not a millionaire) that being worth less than 10M isn't really that rich. A long-term pet peeve of me is that most people don't realise how poor they are, if you treat everything as being relative.
For most civilians, access to wealth and being able to access debt (and leverage) is tied to house prices, and a lot of house prices in high-paid areas are beyond the reach of most people. Thus, by extension, access to wealth is not easy for most people.
Trying to have access to wealth AND having at least one stay at home full-time parent? Even harder to achieve in this day and age. People born between the 50s and 80s basically were able to both get on the wealth ladder AND afford for one parent to dedicate themselves full-time to parenting their children.