Topic: Future economic fear of the rich and poor. - page 5. (Read 656 times)

The future is unknown, if the rich and the poor both strive for the present life, they will know what tomorrow will be. Always try to work and accumulate spare assets is the way my ancestors did for generations. That's how they overcome adversity.

Rich people come from poor people, they will appreciate their lives more and have a way to deal with difficulties. Their descendants have not experienced hardship, so it will be difficult to overcome as well as their grandparents did.

Poor people they have experienced hardship and they will not complain about their life if it continues like this. There are two types of poor people: the first type is lazy, so they are poor; the second type because of the harshness of nature and living conditions, they are poor. Remember, their different origins of poverty will lead to different adaptations.

What is certain is that both of them have the same fear of a lack of future . It's just that the poor are still able to understand better and are able to survive in times of unstable economic conditions. For the rich, I think it will be a bit surprising and unusual in these conditions and will not be comfortable...different from the poor who are used to it.

I think poor people are more afraid about the future because they haven't found a way to solve the biggest problem in their life which is poverty. Rich people when they are poor know what to do because they have been through this problem before. most of the rich or successful people started their life from hardship or poverty.

For me, the rich and the poor men will have the same fears for their economic future. But once you're a rich man, you have all the resources and definitely have reserved a big savings for you and your family's entire life. So if you will face inevitable losses in the future, you won't get emotionally and economically affected with it since you have prepared for it.

However, poor men have nothing to lose i guess since they are used already living in poverty but if ever there will be future economic problems arise, their survival might really be at stake. So they will surely become the poorest of the poor.

I think B) will have more will and motivation, a person living in fear of poverty with nothing to worry about integrity will try to do his best within his limits to achieve.  the result, if not rich, will at least improve life more fully and gradually material.  And A) fear of poverty causes him to face an ideological struggle between trying to get richer and preserving his entire estate.  In my opinion, these assumptions are fundamental, Should have option C) The rich man tries to consolidate his greed and wealth instead of thinking pessimistically.

However, the reality is that with inflation at a terrible rate, the gap between rich and poor will be very difficult to bridge just by working hard.  

Example: The rich had land, while the poor could not own land in their whole life of hard work.

If someone is actually rich then they are not going to be worried much since they are supposed to have enough of savings for their remaining survival so even if they lose their business they still can survive with the money they have. And the middle class or below than that are already suffering from the Covid 19 unemployment and loss of business so they are having more fear now even about the survival.

The poor should have relatively little economic fear, and they will have no economic concept if they live in a small city. Ji is indeed unfriendly to the poor. Although everyone is slowly closing the economic gap. But the economic growth rate is very fast. Commodity prices are rising rapidly. The rich can quickly become richer. The poor can only get paid through cheap labor.

For me its B, the poor is always in the position of having this fear and worries of what lies ahead. Sometimes even you're striving to lift yourself from poverty, there are hindrance that prevented you to overcome it. If you are not wise and have no strategy to face the reality you cant change the life that you used to.

On the other side, even rich people has also fear to become poor in the future, somehow its unlikely because they have a resources to remain rich unless they're lazy and counting of what they already have. But we know some rich people has no contentment and still working to secure their future, most of them are into business.

The surge in prices for food goods ranging from sugar to vegetable oil last month also touched a new record level in six years. The surge in prices was influenced, among others, by China, which bought large quantities of food supplies, bad weather that disrupted harvests, and tightened food supplies by a number of countries.

Apart from exacerbating food inequality in countries hard hit by the Covid-19 pandemic, rising food prices also risk accelerating inflation. As a result, the central bank is more difficult to provide more stimulus.

yes, that's true, because indeed if someone gets richer then their level of worry and their level of distrust is getting stronger both for those closest to them and for those around them.
because it is human nature to be very afraid that they will lose what they have, on the other hand this concern is not without reason because there are so many parties who want to steal wealth from other people. and not only from external parties but also from internal parties.
although it's not all like that but I'm sure most rich people would think the same thing like this.

For some people, this metaphorical death occurs when they decide to settle in a mediocre lifestyle. These people feel their dreams cannot be realized so they choose to live a monotonous life. Afraid of being old this can be dangerous when you have to take a transition in a career.

Well, you have fear only if you have something to lose. That said, rich people scared of getting poor, thus they protect their wealth in various ways, home security system, diversified portfolio, insurance, etc. Meanwhile the poor can only think what/how can they eat tomorrow. I think cardiovascular disease, stroke, and other fear related disease, are common in rich people, but not for poor people. However, because of better healthcare and overall facilities, they can cope with it. Don't forget that the fear manifests into various fears, e.g. fear of family safety, fear of embarrassment/shame, etc., which is rich people's problem.

I have experience and real with what I see real in between, and my answer is:
Rich people in my opinion are much scarier if they fall into poverty or lose their wealth because they feel unaccepted and comfortable being poor because they have to feel bad things that have never been felt before and how painful it is to be poor. and it can even drive rich people crazy, seriously ill, and even die of shock.

and for the poor they feel they are used to it and will not worry because their daily life is not free from difficulties and suffering and if they are very poor they can still survive in any way the most important thing is that they can still find food and drink even though they have to beg.

Neither the rich, nor the poor have to worry about the future. It is the middle class, which represents 80% of the population who needs to worry about the future. For the rich, most of their wealth are in assets that can't be taxed with the current tax regimen. Also, they can easily move from one country to another, as getting a new passport has become very easy now. The poor also don't have much to worry. The governments around the world are increasingly moving towards socialist policies, and the level of welfare benefits and handouts are going up with every year.

I have met with a lot of rich people in my crypto life, many people who were not rich that turned rich, many that were rich even before crypto, many that worked really hard during crypto to become rich. All kinds of people and all kinds are different. We can categorize rich people all into one box, they all come from different aspects of life. A person who is rich from parents will not be the same as a rich person who made it into rich world all by their hard work, and a person who got rich because of some lucky investments will not be same with them neither.

Personality changes as well, you can get rich doing the same exact thing and two different people will have two different reactions to it. So all in all there are greedy rich people, idiot rich people, fearful rich people, angry rich people, calm rich people and all kinds of other things as well.

I think both parties have their own set of fears about the future equally. It's just that, it varies to what extent and on what aspect they are fearing the future might be.

For the rich, they fear that the future might take away their assets and funds. Although, I must say that despite having this fear, they have the advantage to move and act to prevent such losses and damages on their hard-earned and inherited assets. The rich are privileged enough to be ahead of the news compared to the lower class who just rely on what the media releases. The rich have the connection and broad network they can utilize to be aware of almost everything that concerns them.

On the other hand, the poor mostly fear that they'll have no future to look forward to. Most of the poor people are barely making the ends meet each day. Lack of education and poverty hinders most of them to achieve their goals. As result, they are living the bare minimum or even below the poverty line. Most of the documentaries that I watched talk about both how hopeful and hopeless are the lower bracket of society.

So, there it is. I think it's no brainer to ask who fears more than who because we have different struggles in life after all. What seems big to you might seem petty to some, and vice-versa. It's just a matter of respect and how we plan to overcome the monsters inside our heads to achieve our aspirations and plans in life.

The true fear is for the poor people in the world. They always fear how they will feed the family member the next day. Believe me, this is the real fear of poor people. They don't have fear of loss since they don't have. I don't think rich people have fear of loss and become poor. Because just see in real life, very rarely do rich people become poor. Rich means they have multiple sources of income, they don't have a fair of feeding family. Here is the difference between fear. Both have fear as you said, but the poor people's fair is more fearsome than rich.

I find this a bit stupid, future economic fear... fear is fear, you either feeling it or not! Fear can be rational or irrational...

We can't say that fear is choosing people by any criteria, it's simply a feeling in someone, an experience, and you either know how to deal with it and control it or you don't know how to do it and you let it overwhelm you, which may cause some serious problems!
Fear is something we all share, we grow and we learn new things, not feeling scared when trying something unknown is stupid, it can put you in a dangerous position... that fear is what can make us more cautious, careful, thoughtful... and that can help us in avoiding wrong actions/moves!

I guess none of these two classes would experience a "great" fear, though it might slightly scare them when there's an economic downfall, but rich people tends to find a good solution to the economic problem by venturing out onto another business model based on the market demand especially in this trying times of pandemic. These rich people for sure has enough experience in terms of the risk in creating and innovating business.

While poor people are used to just being poor. I mean they're fighting to survive their whole life what else are they afraid of? In fact, they knew how to survive like how the primitive people live without these latest technology and money.

I don't know much about their experiences. I was never afraid of becoming poor or never becoming rich while growing up, because I knew back then I would live a comfortable life whether I'm rich or poor. Those things never really bothered.
I guess the kind of poor you are referring to is the poor who is needy, otherwise I don't see why a poor person who isn't needy should be suffering if he/she is doing the good works he/she is talented in and enjoy doing.. and earning enough to meet his/her daily needs that are "good things of life" .