October 20, 2015

LIFE IMITATES THE ONION:

Wealth therapy tackles woes of the rich: 'It's really isolating to have lots of money' (Jana Kasperkevic, 10/17/15, The Guardian)

And as they stroll through Manhattan, what issues are America's 1% struggling with? There is guilt over being rich in the first place, he said. There is the feeling that they have to hide the fact that they are rich. And then there is the isolation - being in the 1%, it turns out, can be lonely. It seems F Scott Fitzgerald was right, the very rich "are different from you and me". Especially in 2015.

From the Bible to the Lannisters of Game of Thrones, it's easy to argue that the rich have always been vilified, scorned and envied. But their counsellors argue things have only gotten worse since the financial crisis and the debate over income inequality that has been spurred on by movements like Occupy Wall Street and the Fight for $15 fair wage campaign.

"The Occupy Wall Street movement was a good one and had some important things to say about income inequality, but it singled out the 1% and painted them globally as something negative. It's an -ism," said Jamie Traeger-Muney, a wealth psychologist and founder of the Wealth Legacy Group. "I am not necessarily comparing it to what people of color have to go through, but ... it really is making value judgment about a particular group of people as a whole."

Posted by at October 20, 2015 7:23 PM
  

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