3 ms·
There is another aspect to these plateaus most people forget: privilege of the rich in paying for better deals. Don't need to rent when you can buy and break e
by BlargMcLarg 6y ago
There is another aspect to these plateaus most people forget: privilege of the rich in paying for better deals.
Don't need to rent when you can buy and break even within a few years. Meanwhile, the poor are perpetually derived from their opportunity of cutting down their monthly expenses. Similar cases exist for first-hand purchases vs second-hand purchases, higher quality goods that will cost less over their entire duration than low quality goods, etc.
It can be that once you get past one income plateau and obtain enough wealth, you can drop down an income plateau and still reap most of the benefits thanks to your reduced costs compared to your peers.