4 ms·

Your last sentence doesn't really make sense. Plenty of rich people buy plenty of frivolous things

• mikekchar 11y ago
  I had to think about your 2 sentences for a long time before I decided that you are right. The top 10% of income earners make $113,799 per year in the USA. The number of people I've seen who can earn that amount of money and burn through it all is astounding. I personally even know people who can spend that kind of money and even need to look for food handouts at the end of the month. I suppose what I meant is that if you can live happily on $10K per year, then probably it will be very easy for you to get and maintain employment for a lot more. As well as meeting people who can burn through money at a ferocious rate, I've met (much fewer) people who can live happily in what most Americans would call poverty. Those people always seem to have much more money than they need. It takes rare skills to live like that. The end result is that the poor have very little chance of bootstrapping themselves out of poverty (because if they could, they already would).