this post was submitted on 22 Jun 2025
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As someone who went poverty -> comfortable -> not so well off, I can confirm. It was (mentally) easier to get up from the bottom than to deal with the loss and try to do it all over again and risk even further loss.
As the old curse says - May you have and then not have.
Tom Wolfe said that if a person goes from middle class to homeless in a shelter their life changes 50%. They still have the same clothes, watch the same TV shows, eat the same kind of food.
If someone goes from being a billionaire to middle class their life has changed 100%.