4 ms·
This is actually one of those catch 22's of wealth: if you're in the 50% you probably feel better about your money than you do if you're in the 2% or -- even wo
by spinlock 12y ago
This is actually one of those catch 22's of wealth: if you're in the 50% you probably feel better about your money than you do if you're in the 2% or -- even worse -- the bottom of the 1%. The reason is that the 49% is almost exactly like you. They make a few bucks more than you do but it's not meaningful (i.e. you both have exactly the same standard of living). Now, if you belong to the 2%, you are an order of magnitude "poorer" than the 1%. If you just made it to the 1%, you are a couple of orders of magnitude "poorer" than the 0.1%. And, those differences are meaningful.
It's really one of the sadder aspects of human nature. No one can just enjoy how good they have it. We always have to grade ourselves on a curve. Shit, if I compare my life to Rockefeller or JP Morgan, I have it so much better in so many ways. But, no one over feels bad for Rockefeller because that sucker lived before the internet.