Monday, 7 April 2014

Personal Wealth - Reality and Ranting

Where do I fit in?

We had a revision session day, this turned out to be a day of me getting frustrated at the plotter cutter, using too much vinyl and still having to do more before the half terms up. So, other than the stress, the pressure and the looming deadline that threatens to break me, I feel fiiinnneee. Oh and I only have to fit in 7 hours of revision a day! -_-

Despite this tedious, but useful day, my classmates and I brought up various conversation topics. However; the one I continued to think of was, how rich am I?

Personally, not very, I have a bit of money saved up in my account, but to be honest, if I moved out now, I would have to find a job pretty darn quick, before the bills started rolling in. The conversation revolved around the apparent level of wealth depending on where you live. I had started this by mentioning that there is an area in New York where a $250'000 a year wage is middle class. As compared to a £26'500 ($44'000) average wage in Britain. If it comes down to wage, then it is clear I'm slightly above average. (Not going to tell you what though.) However is this comparable to my area or schooling?

My friend mentioned that theirs varies (won't say for privacy reasons) but was this to do with where they live or family background. But now we're starting to move into stereotypes. Think about this; Would you rob a house that is well guarded in a well-off estate, like the Golden Triangle (for anyone in Norwich), because it is more likely that they have valuable items, without any prior knowledge to the person or people you are robbing. And the very fact that this is well documented proves that when it comes to wealth, that we are very stereotypical people. Or is this just the safest bet.

So with that in mind, would people treat me differently, if they found out that I live in a detached 3 bedroom house in a good neighbourhood, would I be treated differently, even if I never told you my living standards. But this comes down to the point, we have 'good' and 'bad' areas where we live, and house prices will changing depending on your area, but not necessarily house quality. So is it right to say people are less fortunate depending on where they live. I'm not talking the difference between a mansion and a flat, but the price difference between two different 3 bedroom houses being on different sides of the highway.

Also, if I had told you that we once had a cleaner that came round once a week. Would your view of me change, would it change again if I told you the events or why we decided to get one. Or is the very nature of having a bit of spare cash to use seen as something far above or far below your own perceived level. But surely that is what it is. You perceive your own wealth. Are you happy with what you have? Or unhappy with how life could turn out? Would earning $250'000 a week make you feel more content (economic security) or more stressed (because of the pressure to perform) than earning $25'000 (£15'000 - just above minimum wage) a week.

This was quite a controversial topic to cover, and I'm NOT picking ANYONE. But this is something I wanted to discuss. Hope it makes you think whether you are happy with your living standards, or whether your situation means it would be better to have more.

Think Big

-|CJ|-

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