All Along The Watchtower
Progressive Realist
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Posts: 15,698
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« on: September 15, 2014, 04:51:18 PM » |
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« edited: September 15, 2014, 04:54:26 PM by They call me PR »
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An awful lot of people don't know how to manage their money. That is true pretty much regardless of how high their income is. Most people have meager personal "safety nets"-if they have one at all.
Places like Manhattan and San Francisco are becoming playgrounds of the rich-but even a lot of rich people don't "feel" rich in Manhattan or SF, because of how freakin' expensive it is. Maybe that is part of what is driving the out-of-control spending of these high-income people; the cost of keeping up with everyone else in Manhattan and SF. Things that are luxuries for most people become necessities, even entitlements for these people, and the cost of everything in the mad race to be at the top of the financial or high-tech sector continues to skyrocket-contributing more and more to the psychological insecurity of the people in those industries.
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