One thing that I have observed and learned is money management "strategies" or "styles" vary between socioeconomic brackets. E.g., tradespeople don't always fu

One thing that I have observed and learned is money management "strategies" or "styles" vary between socioeconomic brackets. E.g., tradespeople don't always futz with stocks; they don't have the appetite for risk and volatility that stocks introduce. Long-term investing tends to be not done (maybe 401(k) or an IRA is used). Some of that is due to a lack of discretionary income, some of that is just culture. When you cross a certain barrier upwards, financial understanding of stocks and so forth increases, and money is leveraged to produce, e.g., use of index funds and their return on investment. Moving downward in the socioeconomic classes and passing another another barrier, money saving becomes less common, and impulse purchases appear to become more common. --- Some of this is definitely familial: I never learned about investments growing up and had to self-teach. That has limited my total financial situation to date. I did, however, learn about self-control, discipline, and self-teaching, which has helped me move forward financially. Another aspect is behavior expectations of the successful - How to comport and present yourself in a way that signals that you are a professional, capable and trustworthy individual? I feel comfortable saying that most anyone from a poor/blue-collar background and who has now made it into the white-collar ranks can join with me in saying that that is a big deal. (n.b., I would totally pony up cash for a local course in So You've Made It Now Past The First Job, Now How Do You Act?)