Cate Blanchett’s claim to be ‘middle class’ isn’t unique among the wealthy, or even the 1% she’s part of. Downplaying privilege among elites contributes to the problem of wealth inequality.
I broadly agree with you. But the reason lifestyle is the metric I use, is because it transitions between economies.
Somebody living in a subsistence economy, in an undeveloped part of the world, would see the average Australian household income as an absolute positive boon that nobody could possibly attain. relative to this person, all of Australia is wealthy beyond compare.
When you factor in cost of living, maintaining that lifestyle, it tends to shuffle out in terms of how long somebody can support themselves without working.
I broadly agree with you. But the reason lifestyle is the metric I use, is because it transitions between economies.
Somebody living in a subsistence economy, in an undeveloped part of the world, would see the average Australian household income as an absolute positive boon that nobody could possibly attain. relative to this person, all of Australia is wealthy beyond compare.
When you factor in cost of living, maintaining that lifestyle, it tends to shuffle out in terms of how long somebody can support themselves without working.