Rich people claim they’re part of the “middle class” and lead “simple lives.”
Just because you’re rich doesn’t mean you feel that way.Stuart C. Wilson/Getty
“These people sometimes characterized themselves explicitly as ‘in the middle’ when referring to those above them,” Sherman writes.
“Here ‘middle-income’ signals a spending style, not a dollar amount.”
One woman with a household income of $3 million told Sherman her family is “just normal.”
“I live modestly, I mean, I don’t have jewels. . . . There’s no flash. We’re just normal. I mean, in my world, it’s not flashy. To somebody that lives in a trailer park, I don’t know. But we live a fairly simple life,” she said.