Forget about marrying rich if you’re not rich already: a new study as found that the tendency to choose a spouse with the same income or education level has increased greatly in the past 50 years and it has actually affected the state of income equality in the U.S. Keep reading »
Newsflash to nobody: crazy-rich people loooooove frivolous shit. After all, there are only so many practical items and experiences you can spend money on before it’s like, hey, bring on the fucking big cat room. (I know, I know, just because that’s what I would do with my extra millions doesn’t mean it applies to everybody.) Combine loads of money with showy aesthetics and that other beloved rich person thing, Travel, and what do you get? Yachts!
But daddy, everybody’s got a yacht … and as of last weekend’s Monaco Yacht Show, there’s something even grander than a humble yacht with which to show off your ridiculous wealths. Bert Houtman, founder and chairman of the Netherlands-based U-Boat Worx, gets it. He says, “There is a change in attitude of super-yacht owners. They’re fed up with drinking white wine and riding jet skis, so they’re looking for another thrill.” And what better thrill than an “underwater plane,” which can be attached beneath your silly old yacht and then taken for a spin up to 1000 meters below the surface? It all sounds impossibly appealing, and yes, impossibly thrilling, and relatively cheap in the $1.5 to $4.2 million range, but isn’t the entire point of a yacht is that lesser humans can look on in class envy? Submersibles, on the other hand, are submerged. Just don’t tell that to the clientele. [Refinery29]
Someone call the waaaaaaambulance, we’ve got a whiner on our hands. Over at Thought Catalog, in a piece titled “Being Privileged In Not A Choice, So Stop Hating Me For It,” writer Kate Menendez says she is fed up with other people judging her for her privileged background. She’s sick of being self conscious that, thanks to her parents paying for college and grad school, she had no debt. She’s over pretending that the fancy suits she wears to her internship are hand-me-downs, when she bought them full price herself. She’s tired of getting dirty looks from her doorman when he hands her a delivery from J. Crew, dammit! Yes, doorman. She lives in an expensive high-rise building, get over it, poors, because Kate can’t help it! She writes:
So stop making me feel like I’ve done something wrong. Stop making me feel like I am less deserving. I didn’t ask to be born into this kind of circumstance and I’m tired of being judged for it.
In some ways, Menendez is right of course. It isn’t her “fault” that she was born to parents who “work hard and did much better than they ever expected in their careers.” There is certainly no reason to “hate” her for being lucky enough to have college and grad school paid for, to have the money to buy nice suits and get her hair highlighted. When it comes to accepting these opportunities and privileges, Menendez has done nothing wrong. But I am having a hard time believing that Menendez actually has experienced “backlash” for simply being privileged. Aside from her interpretation of the looks her doorman gives her, Menendez offers no actual examples of the hate she’s received, just blanket statements about people needing to “lay off.” Without any concrete examples, I’m inclined to believe that the “judgment” Menendez feels is actually youthful self absorption making larger conversations about privilege all about her. Keep reading »
I adore my iPhone. So many things I do on a daily basis would be impossible without it and I’m grateful to have one. That said, Apple and I have some issues. Namely, with this iPhone 5c and 5s craziness.
It’s not as though Apple is a stranger to the “shiny new stuff” contest. iPods, MacBooks, and every other product they sell pander to our desire to have the newest and best stuff to show off to your peers. The second you score the latest and best iPad, the countdown begins to the release of an even “better” one that renders yours obsolete.
No surprise there — that’s just how companies make money — but these two new iPhones take the comparison game to a whole new level. In stores today, these two new iPhone models are already having an impact on your status. As soon as they see the color — Red? Gold? – people will immediately know whether you can afford the shiny, brand-new, metallic iPhone, the colored “consolation prize” iPhone, or can’t afford a new one at all. As journalist Jenna Wortham noted on The New York Times‘ Bits blog:
One of the iPhone’s biggest strengths has always been its branding as a luxury item, a device that lends its owner an unparalleled aura of cool and chic. Having the newest iPhone or iPad was an even stronger symbol of status.
Keep reading »
Some extremely lucky person in Lexington, South Carolina bought the winning $400 million Powerball ticket this week. After they consult a financial adviser and put extra locks on their door, this solo winner will get to start pondering a real-life version of that classic fantasy question: What would you buy if you won the lottery? In light of this huge jackpot, we couldn’t resist doing a little pondering ourselves… Read on to find out how The Frisky staff would spend the cash, and share your own Powerball-funded dreams in the comments! Keep reading »
Somehow, despite selling fewer than a million copies of her latest album, Madonna made it to the top of the Forbes 2013 top-earning celebs list. She has her tour to thank: It grossed $305 million. Merchandise sales, her clothing line and fragrance, and investments also helped get her to the No. 1 spot; Forbes estimates she made $125 million between June 2012 and June 2013—more than she’s ever earned since Forbes started the Celebrity 100 list. Read more at Newser…
Remember that episode of “Sex and the City” where Carrie got a big advance for her book while her boyfriend, Jack Berger, watched his flounder? He was so jealous of her success! And he didn’t want to be that guy! As much as “SATC” got basically every single thing about relationships wrong, they still managed to kind of nail this one. Sometimes you are dating that guy, and you are that woman. Your career is on the up and up, while he’s either stuck in a job with no mobility, or straight up unemployed.
We live in a time when women are increasingly likely to be the sole breadwinners in their families and, in some career paths, we even get paid as much or more than our male colleagues. Which is awesome. It’s exactly what we wanted.
But it can also cause tension in relationships because, to be honest, we haven’t really collectively agreed on how to deal with the shift; women have been conditioned to behave as if men have more money, more career ambition, and more promise, even as statistics prove that is less and less likely to be the case. Below are some tips for how to deal when you’re blowing up, but the person you’re dating isn’t. Keep reading »
Today, New York University costs around $43,000 annually for tuition alone. When I attended over 10 years ago, it was closer to $30,000 annually. If either of those two numbers make you feel short of breath, join me on the floor.
I was able to attend such an expensive school through a couple of scholarships, my parents’ generosity, and student loans. Hella student loans. These days, student loans dominate my entire life. I wish I were joking about that. While I sometimes feel regretful about making such big financial choices when I was young, dumb and 17, I try to remind myself of all the opportunities that I’ve had in life because of those choices. Maybe if I had gone to UCONN, the state school in my home state, I would have gotten a full ride or paid off any loans by now — but I also can’t say how my career would have gone.
But I certainly do wish I had gone through college behaving differently towards money. Here’s a couple of things I wish I’d known so I didn’t have to learn myself the hard way:
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Okay we get it! Taylor Swift is like, the nicest person ever. After enjoying an $800 meal with her tour crew (which she obviously paid for) in Philly, the pop songstress left a hefty $500 tip. Taylor, don’t you know that’s like, 60 percent? But I guess if you have boatloads of money it doesn’t really matter. The restaurant manager, Ron Trombino, sounded a little nervy when talking about the whole thing‚ like Swifty’s PR team would take out a hit on him if he didn’t fill the “nice” adjective quota when describing the experience:
“Taylor was very, very nice.”
“It was a very nice experience, very easy.”
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I’m not really interested in the aspect of blogging where you go around writing snotty comments about your competitors. We’re all in this together and FEMINISM RAH RAH. But last night I read an unnecessarily nasty post on Jezebel tearing “Modern Family” actress Sofia Vergara a new one for the eighth deadliest sin, being a rich person who likes to buy expensive crap. The post is titled, “Is Sofia Vergara The Worst Human Being Alive?” and goes downhill from there. Keep reading »