Summer houses. Second or third cars. Big houses. Vacations. Expensive neighborhoods. High ticket hobbies. Yachts. These things can be on loans, or worked for, and often come in at a balance of under a million. Someone has spent money to get them. They are not the measure of having money.
There are at least four factors I can think of that have tremendous sway over how we perceive socioeconomic status: income, debt, wealth, and liquidity.
No one of these is enough to change someone from rich to poor or vice versa, but some are a lot easier to perceive than others.
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timeasmymeasure
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Date: 2013-04-03 04:52 pm (UTC)There are at least four factors I can think of that have tremendous sway over how we perceive socioeconomic status: income, debt, wealth, and liquidity.
No one of these is enough to change someone from rich to poor or vice versa, but some are a lot easier to perceive than others.