'A lot of people with money don't have wealth': A political scientist, psychologist and CFP on what makes you 'wealthy.' (via CNBCMakeIt)
However, in a metropolis with a higher cost of living, achieving that status could mean you have to make $1 million per year.
If you're rich, this sense of security might waffle depending on how much you're earning that year or what the housing market is like. Being rich means more of your mental energy is focused on earning money, she says. A rich person will earn more than a middle-class person. However, they won't possess enough assets to make their income irrelevant.
This is especially true of wealthy people who exist alongside people who have a lot less than they do,. In a county with extreme income inequality, low-income Americans are less likely to believe in a meritocracy and high-income Americans are more likely to believe in it. As Kraus tells it, a wealthy person might think, "I don't have to be in a situation where I see people suffering. I can separate myself from people by going on vacation or traveling into space."
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Many lawmakers' 'leadership PACs' spend more on fundraising than political contributions, report findsIn today's world of permanent campaigning, 'leadership PACs'—political action committees established by individual politicians -- have served as an invaluable vehicle for members of Congress to support their political allies.
Les mer »
Forget the suburbs, wealthy millennials are keeping big cities aliveInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Les mer »
Ty Segall Wants to Give Aidy Bryant Surf LessonsA comedian and a singer-songwriter walk into a bar…Scratch that. A comedian (AidyBryant) and a singer-songwriter (tysegall) attempt to log in to a Zoom call from opposite coasts, while one of them uses his wife’s new iPhone for the first time.
Les mer »
Week of Meals: Recipe developer and writer Thea Baumann's recipesThe latest installment in our series uses lots of Italian flavors for simple, quick cooking.
Les mer »
WSJ News Exclusive | Morgan Stanley and Interactive Brokers Face Federal Scrutiny in Venezuela ProbeFederal authorities are scrutinizing U.S. financial firms and advisers that handled funds traced to a suspected money laundering scheme, people familiar with the matter say
Les mer »