Why So Many Rich People Don’t Feel Very Rich

<p>I live in a zip code that gets 9 or 10 of these “upscale” magazines every week delivered for free. If the publishers are saying that people are actually “subscribing”, then there are full of it.</p>

<p><a href=“it%20costs%20$10%20to%20produce%20a%20copy%20but%20cover%20price%20is%20$7?”>QUOTE=emeraldkity4</a>

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<p>Since most magazines and newspapers make most of their money on advertising, it is not too surprising for them to have costs of production and distribution exceeding the price charged to the reader. Readers are not valued for the money they pay for the magazine or newspaper; they are valued because more readers means that advertisers will pay more to advertise in the magazine or newspaper.</p>

<p>Yea, for awhile, we were getting some deluxe magazine but have since somehow been dropped from the mailing list. We never found it of interest, so don’t feel a loss. It was full of glossy, EXPENSiVE clothes and fashions, nothing that we found noteworthy except for flash & dash.</p>

<p>You’re rich when you can afford to travel like this:
<a href=“http://mobile.bloomberg.com/news/2014-11-11/etihad-s-20-000-residence-section-on-a380-is-booked-up.html”>http://mobile.bloomberg.com/news/2014-11-11/etihad-s-20-000-residence-section-on-a380-is-booked-up.html&lt;/a&gt;&lt;/p&gt;

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<p>^ Only a double bed? Paltry. :stuck_out_tongue: </p>

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<p>Not necessarily. There is an easy money crowd. It will be interesting to see how far magazines of this type go. Their success would measure the amount of easy money in a society.</p>

<p>I’ve bought Town and Country on occasion; it’s fun light reading. I don’t know their actual demo. There’s one called the Robb Report, but that just gets sent out to people, I think. </p>

<p>Worth gets mailed out (selling lifestyle and over-priced financial advisors), and we get some random mailings from Sotheby’s and others. </p>

<p>Financial porn. </p>

<p>I love reading ‘Wry Society’ in the Financial Times ‘How to Spend It’ magazine-- it’s wickedly funny.</p>

<p>I forgot about Worth - we get that too. And really, the WSJ and NYTimes weekend lifestyle editions are pretty upscale. </p>

<p>I like the pictures in some of these. I like the Amex magazines like Departures. Travel Porn. For sure. B-) I like the way they write it like everyone is on the way to Venice and Marrakesh this year.</p>

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What, you’re not? I had expected to run into you there.</p>

<p>Sigh, ixnaybob, we’re already here. </p>

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This thread is about why people in this country don’t feel rich, even when they are living a typical American lifestyle. If the answer is that they’ve been duped by advertising, am I supposed to keep that to myself just because you don’t like the answer?</p>

<p>Let me just add that the only people I ever lecture about this in person are my own children.</p>

<p>@Hunt, and well you should. My kids have been trained to try to be aware of the insidious effects of advertising, overt and covert. Turning on Adblock and never watching live TV in order to skip commercials is better than nothing, but we absorb much more than we think we do. </p>

<p>I remember once reading, don’t remember where, that advertisers love people who think they’re immune, because they’re the most susceptible. I know I’m not immune, and I hope that I’ve raised somewhat aware children. </p>

<p>“This thread is about why people in this country don’t feel rich, even when they are living a typical American lifestyle. If the answer is that they’ve been duped by advertising, am I supposed to keep that to myself just because you don’t like the answer?”</p>

<p>If that was the answer, and the only answer, then this thread would have no value, as it could be addressed in one sentence. That is YOUR answer, but it’s pretty sanctimonious to apply it to everyone else. Feel free to say what your answer is, but don’t be surprised when people get prickly about being lectured about how they and everyone else should feel. There are many different backgrounds and experiences here, and very few little children in need of instructions on what they should think.</p>

<p>I never heard of these places…</p>

<p><a href=“http://www.thestreet.mobi/story/12936794/1/10-zip-codes-where-people-want-to-live-but-cant-really-afford-it.html?puc=yahoo&cm_ven=YAHOO”>http://www.thestreet.mobi/story/12936794/1/10-zip-codes-where-people-want-to-live-but-cant-really-afford-it.html?puc=yahoo&cm_ven=YAHOO&lt;/a&gt;&lt;/p&gt;

<p>@dstark, one of the locations there is East Hampton. A few years ago, we rented a place there for a month. It’s not really our style, but it was convenient for my wife who could zip into the city a few times for meetings. </p>

<p>I should have known it was pricey when: many restaurants won’t take credit cards and the ATMs only dispense $50s, no $20s :)</p>

<p>Re: ATMs dispensing $50 notes…</p>

<p>In other countries, ATMs dispense several denominations, including ones that would convert to larger than $50. E.g. a €125 withdrawal could be dispensed as €100, €20, and €5.</p>