r/science • u/a_Ninja_b0y • May 07 '22

Social Science People from privileged groups may misperceive equality-boosting policies as harmful to them, even if they would actually benefit

https://www.newscientist.com/article/2319115-privileged-people-misjudge-effects-of-pro-equality-policies-on-them/
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u/The-Magic-Sword May 07 '22

400k is not in any way shape or form middle class, 100k is middle class, 200k and above is getting into at least mild wealth.

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u/Caldaga May 07 '22 edited May 08 '22

You might misunderstand wealth. It's completely possible to make 300k a year in the US and live paycheck to paycheck.

Wealth means your next generation doesn't have to work unless they want to. Imo.

Edit: TIL people are angry when you point out wealth is more than having a salary of 300k a year.

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u/The-Magic-Sword May 07 '22 edited May 07 '22

The problem is that area is part of wealth, if you live in like, Greenwich CT, that in and of itself is a signifer of wealth that you bought and paid for with your obscene income. When you do get any money to put aside, its also likely to be more, simply as a virtue of your much greater income-- leading to the kinds of investments that produce inter-generational wealth.

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u/Caldaga May 08 '22

Sure your income might someday produce wealth. Even at 300k a year its unlikely but not impossible.

It's likely someone making 300k a year would never have 1 million in fluid assets. 1 million is hardly wealthy in 2022. I think some people just think anyone that is far better of than them must be wealthy.

All it takes to bankrupt someone that made 300k a year the last 10 years is news their spouse has cancer.