Why your rich friend Venmo requests you for $4: People with more money 'struggle with generosity,' expert says

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Why your rich friend Venmo requests you for $4: People with more money 'struggle with generosity,' expert says
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'Struggle with generosity' is to greed, like 'died as a result of an officer involved shooting' is to murder.

I would say there's a distinction.

"I want more" is different from "I don't want to share".

The American heritage dictionary definition 1: ^ An excessive desire to acquire or possess more than what one needs or deserves, especially with respect to material wealth.

Seems that both fall squarely within the definition of greed.

I give you kudos for going American Heritage. It's the best American English Dictionary. Way better than Webster.

Friendly reminder that a website like OneLook.com compiles dictionaries and thesauruses from all of the major, reputable sources, including the American Heritage Dictionary and Merriam-Webster.

If the other commenter's point is that "struggling with generosity" is just another way to say "greed", then I think that's overly reductionist

Obviously, but not overly unless you're being intentionally obtuse. Making abstract statements kinda requires reducing them to an common element, theme, or dimension. That's what abstraction and syllogism are all about.

Is it? Why? That doesn't seem self evident to me at all.

You could be unwilling to share what you have while also not desiring more of what you have. They are just two different concepts.

Not wanting to share my fries doesn't automatically mean I also want more fries than I already have.

Well the definition of greed is:

intense and selfish desire for something, especially wealth, power, or food.

Both "I want more" and "I don't want to share" are a type of greed. Even if the definition is more like needs more of something, not wanting to share feels like a form of needing more time than you need with an object. At least that's how I'm looking at it.

True. I guess I'm guilty of "I want more" as much as the next guy. But I don't suffer from the "I don't want to share" part. If everyone gets more, we all rise up. A good tide lifts all ships.

There was a program many years back that discussed this issue. It showed two kids, young girls, one was fairly well off and had all the things you’d expect a young girl to have and some to spare. The other was a young girl living in an impoverished nation and had a very poor family. Think tin roof on adobe walls kind of poor. She had a single stuffed animal that was in dubious shape handed down from child to child. The well-off girl had a small army of stuffed animals.

Point of the segment in the program was how difficult it was for the well off girl to share anything and how possessive she was for her material things, whereas the little girl that had very few things was willing to share her one stuffed animal quite willingly.

Wish I could remember the show. But it demonstrated quite handily that even at a young age people who had more, wanted more, and were unwilling to part with even small things vs the people who had very little.

Seems like a vicious cycle with the wealthier people. Since they can buy anything their kids need, there's no need to learn to share. It's all "yours" or "mine", nothing ever "ours".

I had to read a bit to understand what this meant because I didn't know what venmo was, but I have seen people change from being weirdly generous to making more money and fairly quickly becoming irritatingly stingy to the point of nitpicking the rounding when pennies were discontinued.

You sure they're making more money and not just trying to look like they are while balancing a fuck ton of debt? I know people like this. Appearances are everything to them.

The kind that will take food out of their chidren's mouth to buy an expensive car...

I didn't know what it was either. If someone wanted me to send them money remotely, I'd probably use Google Pay or PayPal or something. Hooray for being out of touch with the world today!

A huge reason I don't use venmo is because it just feels like Facebook Banking. I don't need status updates on money my friends are receiving or sending to other people nor do I want other people to know what I do with my money. That shit was so weird to me.

IDK why people make their transactions public. I changed my default to private for that very reason. I don't give a shot what other people are doing and no one needs to know what I'm doing either.

I've been using Venmo for like, 10 years? I would laugh out loud if someone asked me to PayPal them back for dinner.

Good for you but they are the same company

It's not about that, it's more that nobody uses PayPal in a casual social setting. It's like writing a check at the bar.

“If someone does the small-dollar Venmo, it means they don’t feel good,” Bradley says.

So many thoughts after reading this article.

The first is a former partner. We both grew up in families with more than most. She always wanted to make sure we shared all costs (shared Ubers, dinners, etc). I was of the mindset that we each cover things case by case. I'll get this one, you get the next one; it'll more or less balance out. If it feels like I'm disproportionately covering more than my share, I'll let you know. She couldn't think that way.

Further: she'd never had a job and was about to earn her doctorate in psychology. She would later counsel people who would inevitably bring money concerns to her with no experience in any job other than being a fucking doctor. What the eff, I thought. I've worked in a factory, in a restaurant, in retail… Sure, I also later worked at one of the FAANG companies as an engineer and currently work supporting a VIP at a huge agency. But I've been broke and desperate at times even if I could call upon family if things were so bad that I couldn't manage. Most aren't so lucky. How would she ever have any perspective?

Finally, I don't let anyone know my monetary status. Sure, you can figure out that I'm doing ok by the new but modest car that I drive, the apartment I rent, or my home theatre system. But I continue to think of myself as a commoner because I don't have the sort of wealth that lets me purchase favors like the truly wealthy can and do. I live comfortably, not in luxury. I can't imagine being so well off that I couldn't spare a few bucks for a friend without keeping track.

I think the statement that I quoted above probably rings true, but there's likely a lot more to it. I think it represents a sense of guilt over having more than others and internally recognizing that it's unfair but not having the ability to square it.

One of the many reasons that I don't have venmo or any other form of transfer app is so people can't send me some nominal sum of money.

I'm not rich, but definitely one of the higher earners at my job. I don't want some person making less than half what I do worrying about a slice of pizza or a cup of coffee.

To note: This is also not something I gloat over or continuously remind people of or any such thing. I'm just happy to have the resources to be able to bring the smallest smidgen of "make your day a little less shitty"

What if you eat at a restaurant with a large party and someone puts it all on their card?

Cashish used to be a thing. I haven't touched it in years, but it could be the bridge.

"I'll get cash to you later"

If they need the money immediately and/or digitally they shouldn't have put it all on their card without discussion.

It is amazing how rich people deal with non-rich people. I managed to climb from poor to reasonable well off, but I cannot understand people who earn many times the money I get to be assholes over small money.

Last week, I took a student that I want to "groom" to work in our development department to an electronics fair. Train, hotel, and ticket were paid for by the company, but the deal was that he has to pay for anything else by himself. Eating out and other expenses are still quite some money for a student, so I paid for his meals out of my own pocket and told him that one time in the future, when he will be the one guiding a student through the same situation, he should do as I did.

I understand what you mean with groom, but poor choice of words. 😂

Mentor/onboard/fast track, or any other would have sounded better. Groom just sounded like you wanted to fuck him.

Thanks. Call me old, I come from a time where "to groom" had no sexual connotation.

I disagree honestly, the context made it very clear what was meant here, and was a proper use of the word imo.

Or they're Dutch. Seriously we'll send you a venmo (tikkie) for 3 cents.

There's this joke about how dutch people will spend €5 in gas to drive to a place where they can get gratis (free) something that's worth €2.

It really is a generic cultural thing and expecting all to pay their share even if supidly small is not at all personal.

I'm working poor and always have been. I never mind buying other people drinks or paying for their fares or whatnot, even if they make more money than I do. My philosophy is that I don't make nearly enough money to ever become rich or even well off, so what would it matter that I turn every cent around fifteen times or not? If at the end of the day I'm happy, and at the end of the month I'm not starving, then I'm living.

I'm suffering from enough shit already (chronic depression, adhd, etc) that complicating my life extra by tracking every red cent in order to deny myself and my family the last few pleasures making life worth living is not an option.

Of course, with this kind of attitude it's unlikely I'll ever become rich, even if I find a high-income job, since I care little about "making it grow". For all I know WW3 could break out tomorrow rendering EUR & USD near worthless. Then what does it matter how much you saved up?

This isn't any sort of real explanation of anything. It's just someone's opinion. They call her an "expert". She's a certified financial planner with no formal schooling or training. She passed a test and runs a company where she advises people who have suddenly come into a lot of money. That's her only expertise. She has no background in psychology or any information beyond "it rings true" to back up her statements.

Grew up in a resort town known for its plethora of rich people.

Rich people are near universally the cheapest group of people I’ve ever encountered.

Cool. Would you go to the news media and claim to be an expert on the behaviors of rich people for a story?

I'm glad that's never happened to me. They wouldn't be my friend anymore.

The article talks about how this is not them being assholes, but because if they have more money then their peers, it tends to make them feel isolated and self-conscious and fears about being taken advantage of. They even quote the expert at the end who says "They don’t care about the $4."

You would ditch a friend for struggling with someone? I find that hard to believe.

If they don't care about my money, they shouldn't ask for it. It's just shitty behavior.

True, but people do things they shouldn't do all the time because they are struggling. Like if your depressed friend flakes on hanging out, that's "shitty behavior" too. Are they are bad person who you should ditch? Or a friend suffering that needs your support? In both cases, it seems to be the latter.

If they need my support, they can ask for my support. They're asking for money.

If you can't open up to me enough to say "I need your help," I don't think we were very good friends in the first place.

So, a depressed person who flakes on hanging out is a bad person you should ditch.

You and I are very different with our friends.

When did I say anything about hanging out? What are you talking about?

You answered the question indirectly. Or intentionally avoided it because you don't want to admit some inconsistency. I figured the former, but maybe I was wrong. So which is it?

I did no such thing. If someone can ask for money remotely, they can ask for help remotely. If they can't ask me for help, and they are rich, and they ask me for money, we obviously are not very good friends, because they clearly don't trust me enough to just ask me for help.

So what about the depressed friend who flakes on hanging out? If they can cancel remotely, they can also ask for help remotely. I don't get why this analogy is just being ignored.

If I think a friend my be suffering I reach out to them to see if they want to talk. I make myself available. I make sure they realize they aren't alone. You think this makes them a bad friend for not asking for your help.

I don't know why you keep bringing up hanging out as if it's relevant.

If a rich person asked me for money, I wouldn't think they were suffering. I have no idea why you think I would believe someone doing that was suffering rather than being insufferable. Because this article says so?

Anyone who is actually my friend knows that the way to get me to help them is to ask me because it's something I make clear all the time.

You're basically telling me I wouldn't be friends with someone I wouldn't be friends with. This is true.

I don’t know why you keep bringing up hanging out as if it’s relevant.

It's entirely relevant because it's the same thing: someone struggling with emotional or mental health acting poorly rather than directly asking for help.

If a rich person asked me for money, I wouldn’t think they were suffering. I have no idea why you think I would believe someone doing that was suffering rather than being insufferable. Because this article says so?

Well, not because the article says so, but because someone who works closely with these people is reporting on why they act that way. What do you expect me to do, take your unsubstantiated opinion above it?

It seems to me this is more about dehumanizing rich people to justify hatred, rather than being honest about the fact that they are human too and might just be suffering when they do something like this.

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Poor people will just cover other people's meals and stuff out of friendship and building community. You seem like a total ass

You're right. I do cover other people's meals when I can afford to do so. But I don't send someone $4 for no reason. You keep bringing up irrelevancies.

And insults are not called for. I did not insult you once.

This is the first time I've engaged with you on this topic, idk what you're talking about. "seems like an ass" is not an insult, please learn how to read or get thicker skin

So you're telling me that if you told a complete stranger "you seem like a total ass" when you could look them in the eye, they wouldn't feel insulted? Really? Because I think it sounds like a good way to provoke a physical altercation.

Insult (noun): an offensive remark or action.

Are you saying calling someone an ass is not offensive? Have you fallen out of the dumb tree and hit every branch on the way down (that’s an insult, btw)?

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I was once very poor and now pretty well-off. I'm generally happy to try and pick up the bill when I go out with friends and family because I'm thankfully in a place in my life I can do that and I remember how thankful I was for the generosity of others early in my life. Unfortunately I've found some people get offended... that my picking up the bill is some power move to show I'm rich so I've become reluctant to do that unless I've explicitly invited them to dinner or whatever. I don't want people to think I'm showing off and trying to make them feel inferior so if they've invited me or it's an otherwise group event, I assume they're paying their own way and didn't come with the idea that someone else was paying for them. If somehow I'm the one whose credit card it ends up on because the place won't split the bill, I'll let people know how to Venmo me or whatever. It's not because I'm worried about the money though.

This thread got literally too deep for me to follow so I hope it was worked out.

Last I got out of it - it's a cry for help in the form of a conversation starter. Very interesting take, thank you both for that.

Also, money can be hard to talk about between friends.

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As someone whose situation in life has flipped (not ever really that rich, just had family that was worse off) and has suffered it, I can confirm that:

“They don’t want to be taken advantage of or to feel like, ‘I have money and that’s why people hang out with me,’” Bradley says. “It feels very invalidating.”

Because it is true. The more money you have in a situation attracts the sort of people who just want the benefits of it, and if you are generous like my parents were, those sort of people will be the ones who will have no problem becoming stingy and refuse to help them out afterwards without a dollar sign. They've been trained to live off of you and they will still continue to expect to do so even as so far as to believe you are lying while they become the stingiest.

What this article gets wrong is that it isn't because they value money transactions more, it's that they attract the sort of people who only value them for it. Plus, it also skews your own development as a person because if they come the norm in your surrounding, it fosters an environment of making you a mark.

They do not have the same life experience as you, and you may very well be part of the problem is paying your fair share when you are with someone you consider wealthy (even when they tell you they are no longer doing that good or simply seems more bothered by it) offends you.

It kind of makes sense, though. I grew up a povvo bitch, so if someone wanted to borrow money there were basically two outcomes

A) We simply didn't have the money to lend them
B) We had the money and might as well help them out because we like the person and they'd do the same in turn; at the end of the day we'd still struggle, so a bit less doesn't make a massive difference

I think the answer is simply "people who have more money pay more attention to their finances in general". I mean, people who don't pay attention to how they're spending money tend to not stay rich, even when they have a high paying job. But then again, is there any actual evidence that the premise is true? Or is it just a bias that people take more notice when a rich friend asks to pay them back?

I feel like I'm the exact opposite of what this article proposed however the entire thing confuses me.

I'm not rich but relatively well off, and, without doubt in the best financial position of my immediate group of friends.

If I happen to be the one that picks up the bill I often have people chasing me to pay me. I actually think that is a problem because they feel obliged to do the right thing, however I'm unmotivated because I don't care about the outcome -- I don't need the money. This is my fault and I feel poorly for it but the reality is that after I've had a nice evening I don't really care. In terms of the debt: honestly I probably wouldn't bother asking.

The very concept of asking someone for 4 bucks seems abhorrent to me. To be clear, I say this personally; I'm not struggling to pay rent/mortgage/utilities/whatever. If you're in a position where those are concerns then please absolutely follow up.

Chasing a $4 debt won't make you rich, ever. Even if you do it all the time. Anyone well off chasing this kind of cash is deluding themselves.

Generally speaking my friends and I operate over a long term fairness principle. "Bob got the last round, I'll get the next"; they won't be even but our assumption is that it'll balance in the long term. That applies to more than just the pub.

My SO worked for a very rich man, and in some ways he was generous, inviting me along to events for example, or paying a heft year end bonus to his staff, and he spared no expense on his business. I halfway like him. But also he just wouldn't pay very well, and at a dinner for his high end wealthy club members who give him a lot of money for his products, gave a speech complaining bitterly about the downturn in his industry. I was embarrassed for him, I mean inflation is hard on most people and we're mostly all cutting way back, but he seems to have that millionaire narcissism where he is not in touch with the reality of those with less. A few dollars raise and some better behaviour to his staff and he'd likely have kept most of them on, but they move on a lot.

We brought him a cake for his birthday once because we're like that and he barely said thank you.

The key is to never go out and stay in the basement.

Then you wouldn't have to split that appetizer from TGI fridays with your friend because you never met them.

People don't usually get rich by giving money away or being bad at finances. Why is a wealthy person obliged to not ask you to pay back your share?

I'm by no means rich but I'm probably the wealthies of all my friends yet I live in a tiny house, drive a 15 year old truck and shop groceries at a discount. I'm extremely frugal and you can be sure I expect you to pay me back.

Yeah, I was finding this article funny because when I was flat broke, you bet your ass I was keeping track of $5 for a cab ride.

Also, shit like that might be $5 split for one person, but if you’re the one who paid it could’ve been split four ways. Seems like nothing to the requestee, but the requester is in for $20.

Now make it drinks. Five people order drinks for $8 bucks a pop. That’s $40, plus tax and tip you’re up to $55. One person pays. Split 5 ways it’s only $11, but for the payer that’s a lot.

That would be interesting to know. If it's a whole bunch of people, I could easily see that. We have some analogous relationships and I can't recall anyone ever getting this weird over a few dollars. Of course the only expenses that anyone covers anyone for is pretty much cash tips at restaurants, and things like attending a catered party, where it would be incredibly classless to ask people to pay for it to attend.

Are you, like in the article, afraid of your relationships becoming transactional? Do you think that if you paid for stuff for your friends every once in a while, they would start expecting it of you, and think of you only as a means of getting this free perk?

I simply don't see why anyone would expect me to pay for their anything when I don't expect that of anyone else either. If I buy my SO a dinner I pretty much assume her to pay the next time. It's simple and fair that way and that's how my (probably) autistic brain works. I can hardly justify spending 22€ on my own burger and a coke, let alone pay for someone else's dinner.

A guy that can't afford a burger and coke imagining he's the affluent people this article talks about is peek American capitalism.

You don't need to lick boots in the hope you'll someday be wearing them.

I specifically said I'm not rich, I never said I can't afford that and I'm not even American. Anything else?

So you're saying that your situation is totally unlike the situation we're talking about and your input therefore totally meaningless and your comment pointless and absurd.

Thanks for clarifying

What you describe is transactional. I pay for your meal, now you owe me a meal of equal value. The inability to treat others (even people you're romantically involved with) without expecting reimbursement is a characteristic of narcissistic personalities traditionally found among affluent people.

I'm aware that my brain works differently from your average person in many other ways too. However in this case I don't see my way of behaving as unfair or narcissistic. Quite the opposite. It's objectively a fair way of dealing with it. A nacissistic person would be seeking to take advantage of other people and that's the opposite of how I live my life. I give back in other ways.

In the ways you give back, do you expect the favor to be returned?

Well not really. I do stuff like pick up other people's trash and do unauthorized trail maintenance on my local bike trails and people do benefit from it but nobody knows whose doing it. I'm not especially generous person when it comes to money but I treat people fairly and as I would hope to be treated myself.

It's "fair" on a very shallow level. If the money spent is a small portion of your disposable income but would cut into the grocery budget of someone else it isn't really equal. Relative cost, not objective cost, is a better measure of fairness.

I am definitely the wealthiest of all my friends, some of whom grew up in poverty. We help each other in many ways, often not directly involving money (or only small amounts). I am currently housing one of my friends for free so he can get new skills and get a better job.

These people are like family to me. I want them to have nice things and succeed in life, and I will do quite a bit to help them. In turn, I have people who I can trust and who will help me with damn near anything.

The truest form of wealth is the community you build up around you. Once you see that, the dollars start mattering a lot less.