Why The Rich Don’t Want To See Themselves As Rich

Let’s say that you make more than $500,000 a year. You have a million bucks in the bank. Maybe you have a second home in the Hamptons. You’re rich, right? Well, to most people, it certainly looks that way. But even if you’re part of the 1%, you might not think of yourself as that wealthy. Rachel Sherman is a professor of sociology at The New School and the author of Uneasy Street: The Anxieties of Affluence.” She interviewed 50 wealthy New Yorkers about their attitudes toward their money. What she found was surprising, and impacts the lives of even those who might not have a million dollars in the bank.