Post
Topic
Board Economics
Re: Future economic fear of the rich and poor.
by
Fortify
on 05/10/2021, 19:08:22 UTC
A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?

Unfortunately a poor man who suddenly comes into a large amount of money will often lose it all through a variety of means. There are two types of poor people really - those who are barely able to scrape together enough to get by in life and those who have a decent income yet manage to waste huge amounts of money on things that will not bring them long term happiness. The first stands a chance at using money wisely, if they have a basic education, because they will treasure it and likely watch their spending. The second type would simply inflate their wasteful spending to match their new found wealth, instead of buying a takeaway every week they might go to a five star restaurant every night and fritter it away.