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Death, Sex & Money

Death, Sex & Money - Opportunity Costs: More Is Not More

Death, Sex & Money

Slate Audio

Careers, Sexuality, Business, Health & Fitness, Relationships, Society & Culture

4.67.7K Ratings

🗓️ 25 January 2018

⏱️ 25 minutes

🧾️ Download transcript

Summary

For a father and son whose family is in the 1%, having resources that "exceed their wants" brings its own set of challenges. 

This episode is part of our series Opportunity Costs: Money and Class in America. All this week we're bringing you five conversations about the moments in life when you've felt your class status the most, in collaboration with our partners at BuzzFeed News. Find out more at deathsexmoney.org/opportunitycosts

Did you know we have a weekly email newsletter for the Death, Sex & Money community? Every Wednesday we send out podcast listening recommendations, fascinating letters from our inbox and updates from the show. Sign up at deathsexmoney.org/newsletter.

And follow the show on TwitterFacebook and Instagram. Got a story to share? Email us any time at deathsexmoney@wnyc.org.


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Transcript

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0:00.0

Is the word rich something that you would identify with?

0:04.0

Unfortunately, I mean, it's a mixed thing to say yes to that.

0:10.0

Because on the one hand, you know, I guess you're supposed to want to be rich.

0:15.0

I think maybe once you are rich, you maybe start to wonder about all the negative connotations that come with that.

0:26.5

This is opportunity costs from death, sex, and money.

0:30.5

I had champagne taste on a beer budget.

0:33.1

A series all about class, which we think about a lot.

0:36.9

I feel judged about it and need to talk about more.

0:41.0

On paper, I was going to become a millionaire. I'm in a sale.

0:47.6

About a month ago, we got an email from a college student named Nishant. He's a junior at Berkeley

0:53.0

studying electrical engineering and computer

0:55.2

science. And as he gets closer to graduating, he's been thinking a lot about his family's class status.

1:02.1

It took me a while to realize how well off my family was and how rare that was or how lucky we are.

1:09.8

And that's something, I guess, kind of in hindsight, I wish I had

1:13.0

realized sooner.

1:14.8

Nishant is the oldest of three kids. He's originally from a large college town in the Midwest.

1:19.8

He didn't want to say exactly where. His mom works as an ophthalmologist, and his dad founded

1:25.0

and runs a software company. Nishant told me he first got a sense of how much money his family has when he was around

1:31.9

eight or nine.

1:33.3

I think I was at a summer camp, and it was a summer camp that had, like, there was like a day

1:39.1

camp option and a residential camp option.

1:41.1

It was at the university nearby, our home.

...

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