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comment by randomuser
randomuser  ·  3454 days ago  ·  link  ·    ·  parent  ·  post: Are the poor more rational spenders than the wealthy?

Definitely not, granted they have less to spend so a bigger majority go towards things like rent and bills. It tends to be the story for poor people that win the lottery, frivolous spending and such and they irresponsibly use up all their money they aren't used to having. Whereas, people that are rich by their own means generally got there by being good with their money, and pass on that knowledge/skill to their kids(some of the time). The people I know that have the most money, are very precise/cautious with where and what they spend.





thenewgreen  ·  3454 days ago  ·  link  ·  

If you have no experience managing money, and nobody in your circle of friends and family that have experience managing money, then it's a difficult thing to learn in your own.

Many professional athletes start out poor and struggle with their sudden wealth. Check out the stats

randomuser  ·  3454 days ago  ·  link  ·  

Yeah, a lot of musicians and actors as well.

randomuser  ·  3454 days ago  ·  link  ·  
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randomuser  ·  3454 days ago  ·  link  ·  
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