Author Topic: The Broken Ladder - How Inequality Affects the Way We Think, Live and Die  (Read 905 times)

hadabeardonce

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I borrowed this book from the library after reading this Vox article with the author, Keith Payne:
https://www.vox.com/2018/5/24/17368308/income-inequality-poverty-in-america

I'm only on chapter 3, but it's a worthwhile read if you're into the financial psychology. Anyone else picked it up?

It's interesting how the Mustachian status ladder is reversed. Forum members seek status by trying to prove themsevles as more mustachian than someone else in a number of ways... savings rate, overall expenses, etc.

"Dozens of studies have shown that when research participants gample, pick stocks, or make financial decisions and earn money for doing so, the reward circuit responds just as it does for food, sex, or drugs." (p45) ...and now we know why the forum is so popular :)


Edit: Finished it, highly recommended.
« Last Edit: July 03, 2018, 04:44:49 PM by hadabeardonce »