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"While no one on campus wears "badges" identifying their family's financial status, is there a distinction made based on what the student has to spend for entertainment, dining out, etc.? Obviously, this will have some impact on social interaction if the student cannot afford to spend $100, or $200, or more each week on entertainment. Can current students kindly address this issue?"
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I mean, it's no different than the real world. Obviously, if in a group of four friends, three of them have a lot more money than the fourth person and they choose to go out to a fancy dinner or what have you, the fourth person might be left out. This happens before and after college and is just a part of life. If one person has a lot less money, it obviously affects spending habits for entertainment, dining, etc. So, I won't say that it doesn't. However, it's typically not a big deal and most people I know don't spend exorbitant amounts on entertainment (Durham just isn't that expensive; it's not NYC). So, "poorer" people shouldn't really be left out of much that I can think of. Duke students are also aware enough that if there friend can't afford something, they'll change plans accordingly....It's really not a big deal, but of course money dictates certain habits.