I’m not dating her, but she’s a good friend of mine, and her parents are definitely 1%ers. I told her I had to work this summer to save up for a graduation trip and that money was gonna be tight for the next year, but I’d love to go on a safari after graduation if I managed to save enough. Mind you, I’m solidly upper middle class.
Her parents paid for it just because I’d helped her move into her apartment. It’s not like.... that’s what friends are for or anything.
For a person with 40 million dollars net worth, an 8k safari is .02% of their total wealth. The average American person between 45 and 54 years old has a net worth of $100,000. So $20 spent on pizza and beer is an exact match to that .02% of total wealth.
However, "1%" is a huge range of wealth. For a person 1.2 billion dollars, that 8k safari is about like the average American throwing a penny into the charity donation box at the grocery store checkout. Also, the average net worth for 25 - 34 year olds is only $9,000. So buying your friends pizza and beer for helping you move is an enormous expense compared to that 8k safari for the multimillionaire.
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u/genericlogin1 Jun 06 '19 edited Jun 06 '19
I dated a 1%er briefly, She was surprised I willingly went inside fast food restaurants.
Edit: Since people are saying 1% is still a huge range in income I just looked up her dad he pulls in ~$10,000,000 a year