Chatting Up A Storm - Claudia Cragg

Claudia Cragg speaks here with Mother Jones' senior editor @MichaelMechanic (Michael Mechanic) who offers a harsh wake-up call for the millions of American  dreamers who still believe that winning the lottery—or just simply having obscene wealth—will change their lives for the better. The author ushers readers past the velvet rope to reveal the lifestyles of the ultrawealthy and the ever more expensive ventures they have to indulge in to not only keep themselves amused, but to outdo their wealthy peers. One of the most interesting factoids in this well-researched book is that, according to one study, a person’s “self-reported positive emotions improved with rising earnings up to a satiation point at about $65,000 per year. Negative emotions…declined as earnings increased, reaching an inverse satiation point at $95,000.” As Mechanic demonstrates throughout this eye-opening book, once the contentment with one’s finances ends, the addiction to “extrinsic” goals—e.g., buying mansions, cars, and other luxury goods