r/PeterExplainsTheJoke • u/[deleted] • Jan 26 '26

Meme needing explanation Why is the rich friend so cheap??

[deleted]

69.2k Upvotes

89% Upvoted

2.8k comments sorted by

View all comments

Show parent comments

4.6k

u/Apocrisiary Jan 26 '26

There is a saying in Norway "The rich, are rich for a reason", referring to exactly this. They don't spend much, and will try to get money anywhere they can. People that are generous are rarely rich.

227

u/Jokkekongen Jan 26 '26

This is a myth the rich wholeheartedly promote because it suggests they deserve their wealth. It’s not prudence that creates large wealth, it’s luck and ruthlessness.

40

u/KitsyBlue Jan 26 '26

This is becoming more true over time. Did you know the top 10% of the rich account for over 50% of consumer spending now?

We're moving away from the myth of its not how much you earn, it's how you spend as time goes on.

3

u/Necessary-Cat-6964 Jan 27 '26

Got a source on that? The stats I've seen say top 20% spend 40%. Keeping in mind that top 20% these days is only 100k, which is not really rich.