Future economic fear of the rich and poor.

[Rruchi man]

A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?

[jackg]

I think B might be more likely to take an action over their fear but both fears are probably quite equal.

In both cases, you're assuming the two subjects are lonely/with poor company though which is also what I'm basing this off. Surrounding yourself with the right sort of people obviously offers better protection from you losing the essentials of life.

The first persons wealth also depends on how they got it. If it was earnt themselves, they'll be a lot more confident they can earn it again. If it was something they inherited (maybe like real estate) and it's not well diversified then they should probably be quite worried...

[Lucius]

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

I think that those who have enough money or even have more than they need are not the ones who should feel more fear, because their position is far more favorable than those we can call poor, although here we cannot refer exclusively to those who are at the bottom of society, but also at people who live an average life. An extremely rich man can lose 90% of his wealth and still be a relatively rich man (say if he loses $90 million out of a total of $100 million), who will still live better than 90% of the rest of the world.

In the bigger picture, I have no sympathy for that 10% of extremely rich people who are mostly rich at the expense of the poor.

[Hydrogen]

who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?

The rich fear the future enough to build elaborate bunkers in case of emergency.

While other income brackets refuse to believe their way of life can change, and take zero steps to prepare for crisis.

The rich are the first to know when a recession or economic crisis is coming. While other income brackets are uninformed and caught unaware by every recession or crisis that hits.

The rich recognize and respect the dangers of shifting markets and conditions. They channel their fear into following the news and being informed.

While other income brackets remain thoroughly convinced they should never read the news, as it only contains depressing stories. They believe politicians and governments exist to take care of all their problems, so that they can live their lives without ever paying attention to anything.

These are all generalizations but I think the wealthy demographic is the one that respects and fears negative trends of finance and economy the most.

[zanezane]

I think that both have the same degree of fear, it's just that they've come from a different social strata so we see them a bit different but I think they're practically the same but in a different situation.

[NeuroticFish]

The rich has a very good chance that even if he loses a big amount of his wealth, he won't lose it all. By far. The rich can afford advisors for diversifying, ensuring and so on.

The poor -- depends how much money he got. He may or may not have the education to spend well, to ensure, to do something meaningful. Or he may not have got enough for all his plans. Of course that he will be the more "fearful"

[Sterbens]

We cannot draw unilateral conclusions about how economic conditions from two opposite directions, between the poor and the rich are all on the same track with various domains and concerns. Broadly speaking, economics is about position and social equality where all the worries can arise without making a ticket first.

It's simple: in most cases, a rich person will feel less about what he already has because the more he gets what he wants, the more he worries about what he doesn't have. Meanwhile, on the part of the poor, no matter how hard they are, they have to endure the hardships of life, both in urban and rural areas, all of which always refer to the economic gap between the middle and upper social layers.

which points are suitable for us to choose? not A nor is it B, if I were you it would add a point C where there are people who feel enough, enough in terms of responding to the seriousness of economic life. Those in this realm tend not to think too much about things that can have detrimental consequences on the pace of the economy, while they have a chance to survive they will be much simpler and stronger to survive.

[Gozie51]

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

This is a fear of the unknown and surely every rich guy should have that kind of fear, you don't want to go down there anymore after you leave the poor or low level situation. The rich don't relax from planning for the future and that makes them keep investing in opportunity coming there way but the poor after seeing opportunity is scared of fud, they don't want to lose the little they have. The rich get higher because they are connected and they fear to go down as they have to meet up with the social status and security walls they have built for themselves. They have everything to lose if they go down and they will struggle not to but the poor has nothing to lose as they are already down.

[mk4]

On the top of my head, I'd say A. I think huge economic uncertainty is one of those things that can spook the wealthy. Because while they can allocate their funds on certain assets/investments/hedges, there's no way to know for sure what the right picks will be because we're in uncharted territory— whereas the FED is printing money like no tomorrow.

Why not B, you say? Simply because I don't think most of them even know what's going on, and what the potential risks are. A lot of them are just happy that they're getting their lovely stimulus money.

[Fesatmas]

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?

Who says poor people don't enjoy anything in life. I don't believe in statements like this. Look wider, and try to live among them, many things we can learn is how they work harder, 100x earlier to seek fortune. If you say that, it means you've never been in their environment. We will be much more appreciative of the future of the poor whose fate we never know will be great in the future. There is a saying that goes "not who you are today, but who you will be tomorrow". 

[fiulpro]

A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?

For the poor it is :
Being able to afford the necessity ( food and water ) for the whole family the next time . They are not even sure about their meals least the money and other things as well.

For the rich it is :
Being able to afford a good education and to be able to maintain the high quality of life they have right now which does actually mean they are on the opposite sector as compared to the poor but at the same time it's not unfair at all.

The economic crisis and the situation is different for both of them. The poor might be happy in just 10$, the rich might tip the next waiter 10$.

It's all about your way of living and about your outlook on life.

[ninkdwi]

I don't think it can be used as a reference for how the level of the economy is between the poor and the rich because indeed all of them must have the same concerns and we can't describe it in two ways because there may be several factors that make you have to rethink the specifications. like this, for example, there are people who are already satisfied with the life they are living now, no matter whether they are in poverty or in wealth, because we cannot make a specification between poor and rich just from the benchmark of one person.
Besides that, when talking about the economy, both the poor and the rich will certainly feel their respective concerns regardless of all that, actually if seen from the naked eye, the actual burden caused by the problem is that it is the rich who will feel more burdened because they are have to rack their brains extra so as not to become poor in the future on the other hand they have to make plans to increase their wealth in the present.

[Slow death]

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?

definitely the poor are more afraid of the future than the rich. The rich is not suffering, he wakes up, he has food on the table, he has a paid health plan, he has a car and many other things, he doesn't have time to be sad when the government increases the price of bread or when the government increases the price of public transport .

the poor live in fear, when food prices increase enough for the poor to lose sleep, the poor have poor health insurance and when they get sick they are more concerned about money than about their health

[GeorgeJohn]

Amongst the both listed above,i think the poor has more fear of the future than the rich.
At times, most poor folks can be contented with what they have, humans are never satisfied so a rich mindset that is poor, will do everything possible to strive to the top, inorder to meet up with he's or her needs as well adapt to the current economic state.....in order to avoid striving in the future.
The rich on the other side can still be scared, but due to assets amd more money he'll be a bit confident and relaxed for the future.
The rich will do everything to become richer, this statement as well will tell too...there quest for more money simply means they're scared of going broke and poor.

[electronicash]

the rich will always have fear in every direction, they may even be walking in the rich cities but still looking over their shoulder because someone might rob them. this fear has to lead them to invest more to become richer. and more fear still because there's more to lose

the poor man will enjoy everything, he already has experienced the worse of his life. even if they eat just garlic porridge, they'd be laughing. what they both fear is the future of their children, it's not about them dying without a chance.

[Botnake]

the rich will always have fear in every direction, they may even be walking in the rich cities but still looking over their shoulder because someone might rob them. this fear has to lead them to invest more to become richer. and more fear still because there's more to lose

the poor man will enjoy everything, he already has experienced the worse of his life. even if they eat just garlic porridge, they'd be laughing. what they both fear is the future of their children, it's not about them dying without a chance.

Probably, both of them will still fear about their economic future but it will be less advantage for poor people since they only have less to lose. Unlike those in high class who got a lot of assets and properties, of course they should be fearful if all of them will just vanish. And i guess all of us will definitely have some fears too.

However, if those rich and educated people will lose their assets, there are high chances to regain them because they are more knowledgeable and more aware about their present economic status and how to improve them. But for the poor people, most of them are uneducated so they only have less ideas about what is happening and will be very hard for them to start all over again.

[Boov]

A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.

-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?

(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or

(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?

I belong to the B side of this topic, I've been poor since birth and until now there's nothing change on my level of the community, but I still hope and struggle to become better in position as I've expect a lot profitable when it comes to economic challenges. As I've face the unknown outcome in life, cryptocurrency is my only ways to cope all those fear and worries, with patience and dedication survival isn't an impossible thing for us to become successful in life.

[Darker45]

I believe downfall is a lot more feared than staying the same. With the former, there is a painful transition, something which a person might not be able to survive. With the latter, it is simply the status quo. There is no bitter adjustment. It is something the person has already accepted.

Having said this, I think the greater fear is that which is faced by the rich man. The fear of the poor man is based on want, the desire to get out of a dire economic situation. The fear of the rich man is the possibility of a loss.

[Kittygalore]

I don't know how the rich fears but I can feel exactly the fear of poor person since I came from one and slowly going up but I can feel that looming fear that the next day is the day that I won't survive the ordeal but we are in a capitalist society and you need to be smart and know how to make your money work for you.

[davis196]

The truly rich people will never feel any fear of becoming poor.
By "truly rich people" I mean millionaires and billionaires.I have never seen a millionaire or a billionaire going bankrupt.
The middle class people-small business owners and high profile professionals might be facing difficult times in the future,but I don't consider them to be rich.They are above poverty,but they also have big debts and a constant struggle to stay ahead of the competition and make enough money to pay big expenses.
The poor people will always have a fear of the future,it doesn't matter is there's a global crisis or the global economy is growing.