
The Spectrum of Wealth
The Morgan Housel Podcast
00:00
Describing the Spectrum of Wealth Without Numbers: 19 Levels of Wealth
A spectrum of wealth can be described with words and feelings, not numbers. The spectrum includes 19 levels from poorest to richest. The first level is complete reliance on strangers for sustenance, followed by psychological deep poverty of feeling inadequate compared to others. Having a large income and net worth acquired through means disliked by others is considered socially bankrupt.
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