Rich People are Anxious...and What That Says About Society
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 30 November 2017
⏱️ 37 minutes
🔗️ Recording | iTunes | RSS
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Summary
Mom always said, ”money can’t buy happiness,” but it sure can make life easier. So it was with some skepticism that I invited this week’s guest Rachel Sherman, associate professor of sociology at the New School in New York City, on the show. Sherman’s recent book, Uneasy Street: The Anxieties of Affluence, explores what’s going on inside the heads of the one percent. I know, I know...who wants to hear unhappy, wealthy people whine about all their problems? Cue the sarcastic “Oh those poor things...” But Sherman wants to know why so many wealthy people have a hard time accepting the fact that they’re financially secure. To find out what it’s really like for people living on “easy street,” Rachel conducted interviews with fifty affluent New Yorkers, including hedge fund financiers and corporate lawyers, professors and artists, and stay-at-home mothers, to examine their lifestyle choices and their understanding of privilege. The findings were enlightening, and include the subjects wishing to be “normal,” describing their consumption as reasonable or comparing themselves to those who have more than they do, rather than those with less. They also want to see themselves as hard workers who give back and raise children with good values, and they avoid talking about money. In the process, Rachel sheds light on how extreme inequality comes to seem ordinary and acceptable to the rest of us. “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/ Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2
Transcript
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| 0:00.0 | Hi, it's Jill Schlesinger host of Better Off. Today we're talking about rich people and why they're so anxious. |
| 0:09.8 | You know the people that I talk to try to be morally worthy of their wealth because it's so easy to be seen as unworthy right there's so many judgments |
| 0:18.2 | It's very common to judge wealthy people for over-consuming for being ostentatious, for being materialistic, what |
| 0:24.7 | they do with their money. |
| 0:25.9 | They're all trying to avoid the word entitlement, the feeling of entitlement, and that I think |
| 0:31.0 | is the stigma itself, right? |
| 0:32.5 | That sense of being entitled. |
| 0:35.1 | Welcome to the Better Off Podcast. |
| 0:36.9 | We're sponsored by Betterment, the largest independent online financial |
| 0:41.0 | advisor. |
| 0:42.1 | All right, before you write in, |
| 0:44.3 | before you go pull your hair out of your head, |
| 0:46.9 | calm down. |
| 0:48.2 | And here's why. |
| 0:49.6 | I have a sociologist as our guest, the interview this week. |
| 0:53.7 | Her name is Rachel Sherman. |
| 0:55.4 | She teaches at the New School for Social Research. |
| 0:58.8 | She wrote a book way back about service and inequality in luxury hotels. |
| 1:05.0 | So it was kind of interesting just to see how workers and guests and managers all |
| 1:08.8 | interact. |
| 1:09.8 | That said, her newest book, it's called Une Easy Street, |
| 1:14.2 | The Anxieties of Affluence. |
... |
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