Some Americans keep their wealth secret. “There are a lot of people hiding their wealth because they are worried about negative judgment,” said Traeger-Muney. “If wealthy Americans talk about their problems, people often don’t have a lot of sympathy,” she said. Cockrell said that there is a common mistake that many of his wealthy clients make – they let their money define them. “If you are part of the 1%, you still have problems. There are other parts of your life. Money is not the only thing,” he said. “Your problems are real.”
What does Traeger-Muney say often happens when wealthy people talk about their problems?
Listeners don’t sympathize with them People pretend to sympathize Money becomes a central part of the discussion They make others feel better about themselves