When millionaires lose friends, it's often chalked up to envy. The truth is more complicated.
Briefly

When millionaires lose friends, it's often chalked up to envy. The truth is more complicated.
"When Lisa Johnson launched her business strategy career eight years ago and suddenly became a millionaire, many things in her life vanished. Her £35,000 debt (around $44,800). Her need to meticulously budget or worry about childcare costs for her twins. And, mysteriously enough, some of her friends, too. "They just ghosted me - disappeared," Johnson told Business Insider. Johnson, who grew up in a housing development in England,"
"While America's millionaire class continues to grow, making up over 6% of the country's population, some self-made millionaires experience a more bittersweet taste of success: losing their old friends and family. Some might work longer hours or have different spending habits than their social circles - habits that contributed to their wealth in the first place. Over time, they said they've felt judged for living differently, a topic that feels impossible to address and can drive a wedge even further between the closest bonds."
"To add insult to isolation, no one wants to hear rich people complain. Nepo babies are frequently reviled, whether they're Hollywood-dominating celebrity children or New York City homeowners buying their apartments through trust funds. In the entertainment world, TV shows and films like "The White Lotus," "Succession," and "Parasite" have dominated culture for years, skewering the ultrawealthy to consistent acclaim."
Lisa Johnson became a millionaire eight years after launching a business strategy career, which erased debt, budgeting needs, and childcare cost worries but led some friends to ghost her. Growing numbers of self-made millionaires sometimes lose longtime relationships as wealth changes work hours, spending habits, and social priorities. Many report feeling judged for living differently and unable to address the issue because complaints by wealthy people are poorly received. Public disdain for inherited privilege and cultural portrayals that ridicule the ultrawealthy can intensify isolation, so financial gain can coincide with social loss.
Read at Business Insider
Unable to calculate read time
[
|
]