As featured in The Wall Street Journal, Money Magazine, and more!

How to Feel a Little Richer

This article was written by in Uncategorized. Comments Off

I originally posted this in September 2003, but it never hurts to revisit the issue to raise the feeling self-worth a little bit. If you’re feeling down about not being able to afford to live on your income, just pop on over to the Global Rich List, enter your income, and voila! — instant satisfaction with your job.

If you want to feel even better, keep in mind the affluent are worse off when it comes to inflation. The luxury items to which the rich grow accustomed are much more affected by inflation then the necessities of life for the lower classes. The CLEW (“Cost of Living Extremely Well”) index measures inflation of the prices of certain items favored by rich folk. From 2004 to 2005, the index rose 4% while the Consumer Price Index rose only 3.6%.

This is a good thing, according to the article:

As long as luxury goods are inflating faster than the regular stuff, the economy is cooking. There is a good chance that just about everyone is doing OK. When luxury goods go on sale, everyone is in trouble.

If you’re still not encouraged about your own situation, take a look at the income graph. (It’s a shame that every individual in the world does not have the same expenses; if they had, this graph might actually mean something.)

chart of income

Updated February 7, 2012 and originally published November 30, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

Email Email Print Print
About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .