Tuesday, March 13

How much money do you need to be rich?

Many people think an income of £45k means you’re wealthy, while others pulling down £100k regard themselves as ‘comfortably poor’. “ Once you’ve paid the school fees, the dog walkers, the au pairs, the mortgages of several properties, families actually feel quite pinched.” Dr Tsivrikos, Consumer Psychologist at UCL said wealth was relative and how rich we felt depended on who we’re comparing ourselves with. Even a person at the top of their social circle can feel like a pauper.

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