July 4, 2022

Loans

Its All About The Money

8 Insane Things Rich People Think Are Normal

12 min read

In this episode, Chelsea talks about how rich people’s perceptions of what is "normal" is making life worse for the rest of us.

Cutting ties with lower-income friends: https://www.stylist.co.uk/life/friendship-wealth-gap-relationships-careers-money-finance-how-get-rich-change-personality/220098

Why rich people are jerks: https://thefinancialdiet.com/heres-how-money-can-turn-you-into-an-absolute-jerk/

Ability to pay bail vs. being sentenced: https://slate.com/news-and-politics/2020/01/new-york-bail-reform.html

Boomer inheritances: https://www.latimes.com/business/story/2019-11-29/boomers-are-thriving-on-an-unprecedented-9-trillion-inheritance#:~:text=While%20boomers%20as%20a%20group,over%20the%20last%2030%20years

Co-buying by the numbers: https://www.marketwatch.com/story/as-housing-costs-remain-high-parents-buy-homes-to-give-their-kids-a-leg-up-2019-01-04

Rent burdened populations: https://furmancenter.org/thestoop/entry/nyc-housing-insecurity-by-the-numbers

Silicon valley fad dieting: https://www.theatlantic.com/health/archive/2019/01/silicon-valley-extreme-diets-fasting/581566/

Food spending statistics: https://www.ers.usda.gov/data-products/ag-and-food-statistics-charting-the-essentials/food-prices-and-spending/#:~:text=In%202019%2C%20households%20in%20the,representing%208.0%20percent%20of%20income

Americans worrying about money: https://www.cnbc.com/2019/05/24/25-percent-of-americans-say-they-worry-about-money-all-the-time.html

Food anxieties: https://www.vox.com/first-person/2020/4/6/21207065/coronavirus-grocery-shortage-toilet-paper-yeast-insecurity

Extracurricular participants: https://www.theatlantic.com/education/archive/2015/01/the-activity-gap/384961/

On "meritocracy": https://www.nytimes.com/2019/06/12/opinion/meritocracy-tests-education.html

Getting things for free: https://www.distractify.com/p/rich-celebrities-free-stuff

It’s Easy Being Rich: Why The Wealthy Get Everything for Free

Being rich = confidence: https://www.marketwatch.com/story/incompetent-people-from-wealthy-backgrounds-are-more-likely-to-act-like-theyre-smart-and-people-believe-them-2019-05-21

Watch more of The Financial Diet hosted by Chelsea Fagan here: https://www.youtube.com/playlist?list=PLD30V46E07RR99cC0gCjKUbt-BKoDUcnc

The Financial Diet site: http://www.thefinancialdiet.com

Facebook: https://www.facebook.com/thefinancialdiet
Twitter: https://twitter.com/TFDiet
Instagram: https://www.instagram.com/thefinancialdiet/?hl=en

Source: The Financial Diet

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