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Thomas J. Stanley, a wealth researcher, wrote some books on the subject: Stop Acting Rich The Millionaire Next Door There is a class of people, typically 16-
by duelingjello 7y ago
Thomas J. Stanley, a wealth researcher, wrote some books on the subject:
Stop Acting Rich
The Millionaire Next Door
There is a class of people, typically 16-25 who live at home, with minimal expenses and much disposable income he called “Gold Collar Workers.” They often buy luxury cars (usually used or salvage title) they cannot afford to repair and generally act fiscally like stockbrokers (high MPC).
OTOH, there’s another thread to this story. People who feel guilty that their material and/or monetary accumulation deprives others. It maybe a sort of victimology where people need to feel like victims to be valued in the victim hierarchy or that they have delusions of grandeur to feel self-important, like homeless people who say the FBI has a file on them.
- sigmaprimus 7y agoThe mention of salvage title on a luxury car is erily accurate as I know of three people who went down this exact path, only one of them managed to make something of themselves after decades of foolishness. The other two are still living with their relatives, unemployed, single and in their mid 40s!!