Author Topic: Can't find a post...  (Read 3267 times)

kolorado

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Can't find a post...
« on: June 20, 2012, 08:05:39 AM »
Maybe I'm dreaming but I seem to remember an MMM article with a link to a chart/graph/study about income classifications. It was something to do with how a person would view someone who made EE% more than them would be rich to them and someone who made EE% less than them would be considered poor to them.
Does anyone know what I'm talking about? I've tried to find it a few other times and I've just about given up. :/

velocistar237

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Re: Can't find a post...
« Reply #1 on: June 20, 2012, 08:46:31 AM »
FWIW, I don't remember a post like this. Have you looked through the list of titles? See here:
http://www.mrmoneymustache.com/all/

sol

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Re: Can't find a post...
« Reply #2 on: June 20, 2012, 09:36:43 AM »
I remember reading something like that, but I think it may have been in one of the blogs linked from here.

It was about why people always feel the need to keep up with the Jonses.  The argument was that the exponential shape of the income distribution graph means that someone who is 5% below you on the income scale makes almost as much money as you do, but someone who is 5% above you on the scale makes WAY more than you do.  And since people tend to only compare themselves by looking up, not down, it looks to them like the rich are always much richer.

kolorado

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Re: Can't find a post...
« Reply #3 on: June 20, 2012, 10:08:34 AM »
Yes Sol, that is what I was thinking of! Now if I could actually find it.....

TLV

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Re: Can't find a post...
« Reply #4 on: June 20, 2012, 10:09:42 AM »
I found a post on ERE that has something like it

http://earlyretirementextreme.com/how-i-live-on-7000-per-year.html

Look for the "Wheaton eco scale" part.

kolorado

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Re: Can't find a post...
« Reply #5 on: June 20, 2012, 10:17:49 AM »
The Wheaton Eco Scale is it. Thanks so much!! :D