Some people profitably waste money

Hermès Kelly bag

Hermès Kelly bag

How a poor black woman — and there’s nothing lower than poor, black and female — deciphered status symbols, used them to her advantage and taught others to do the same:

If you are poor, why do you spend money on useless status symbols like handbags and belts and clothes and shoes and televisions and cars?

One thing I’ve learned is that one person’s illogical belief is another person’s survival skill. And nothing is more logical than trying to survive.

A  sensitive and eye-opening essay by Tressie McMillan Cottom:

Why Do Poor People ‘Waste’ Money On Luxury Goods?

A psychologist ponders “Status Anxiety” by Susan Bodnar

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Filed under American Society, People, Women

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