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Wealth Shame: When Wealth Changes Your Life (and Not Everyone Else’s)

Posted on November 12, 2019

I’ve seen it many times as a financial planner. Someone finds their way into a new financial strata and suddenly becomes — or at least feels — excluded from their closest circle of friends and family.

Wealth shame. Money doesn’t buy happiness, but it certainly deeply affects life. Cultural choices in everything from where you were educated (and the quality of the academics) to what you do for entertainment (second-run movie or a Broadway show?). Opportunities and stresses for you, and your children especially, can be bizarrely different from those you know best.

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