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Can I ask a daring question? Are all of them men? What about their spouses? Do they still work and how do they spend their husband's money? One thing that I
by throwaway2037 2y ago
Can I ask a daring question? Are all of them men? What about their spouses? Do they still work and how do they spend their husband's money?
One thing that I have noticed about the new rich: They might not buy Hermes bags (yet), but they overspend on everything -- groceries, dining, housing, cars, schools, vacations. It adds up fast, and their net worth is surprisingly small.
- VirusNewbie 2y ago> Are all of them men? What about their spouses? No. Many are, but I know some fairly successful tech women who worked at FAANGs and made great money as well. >but they overspend on everything -- groceries, dining, housing, cars, schools, vacations. Yes, I guess I was trying to say that in tech focused circle in SoCal, traditional status symbols take a back seat to upgraded houses, vacations, and dining. I don't know friends who buy themselves a rolex or fancy handbag if they get a huge bonus. They might treat themselves or friends to a high end dinner or a nice vacation instead.
- throwaway2037 2y agoI still think this is important anec-data. Thank you to share!