Why your rich friend Venmo requests you for $4: People with more money 'struggle with generosity,' expert says
Why your rich friend Venmo requests you for $4: People with more money 'struggle with generosity,' expert says
The phenomenon of the rich friend being the stingiest rings true, says Susan Bradley, founder of the Sudden Money Institute.
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This isn't any sort of real explanation of anything. It's just someone's opinion. They call her an "expert". She's a certified financial planner with no formal schooling or training. She passed a test and runs a company where she advises people who have suddenly come into a lot of money. That's her only expertise. She has no background in psychology or any information beyond "it rings true" to back up her statements.
Grew up in a resort town known for its plethora of rich people.
Rich people are near universally the cheapest group of people I’ve ever encountered.
Cool. Would you go to the news media and claim to be an expert on the behaviors of rich people for a story?
This is what's known as 'anecdotal evidence'