I remember listening to someone discussing a paper they'd done interviewing wealthy New Yorkers. Lots of these people, or their spouses were on >$1m pa. But they often shopped in sales, needed that income to maintain their lifestyle, didn't feel that they could spend limitlessly, lived in a city with a high cost of living, etc. and so didn't regard themselves as rich.
In more anecdata, I used to sit opposite a sales person who dealt with HNWIs and as a scare sales tactic he'd break down their income and expenditure and what they needed to retire. So many were literally just covering their costs. This isn't about playing a small violin, but just pointing out how most people's brains work.
Also almost no one thinks they're rich.
I remember listening to someone discussing a paper they'd done interviewing wealthy New Yorkers. Lots of these people, or their spouses were on >$1m pa. But they often shopped in sales, needed that income to maintain their lifestyle, didn't feel that they could spend limitlessly, lived in a city with a high cost of living, etc. and so didn't regard themselves as rich.
In more anecdata, I used to sit opposite a sales person who dealt with HNWIs and as a scare sales tactic he'd break down their income and expenditure and what they needed to retire. So many were literally just covering their costs. This isn't about playing a small violin, but just pointing out how most people's brains work.