“It’s really isolating to have a lot of money. People’s reaction to you can be scary,” said Barbara Nusbaum, an expert in money psychology. “We are all taught not to talk about money. It’s not polite to talk about money. But it’s harder to talk about being rich than it is to talk about being poor. People don’t mind if you say ‘I am broke. Things are hard.’ You can’t say ‘I have a ton of money.’ You have to keep a lot of your life private.” As a result, Cockrell says, the rich hang out with other rich Americans who understand them and their problems.
According to Cockrell, why do the wealthy tend to spend more time with other wealthy people?
They are able to empathize with each other’s issues People who are not wealthy are less willing to meet in private Other wealthy people tend not to talk about money They tend to encounter more wealthy people in their day-to-day lives