Keeping up with others in our social circles is among the top concerns of affluent investors. Whether it’s through social media or direct contact, we’re constantly exposed to things that others flaunt such as fabulous vacations, expensive new cars or picture perfect family gatherings. When we assess our own lives, it’s easy to understand how feelings of inadequacy manifest. John Walker explores the financial impact of trying to “keep up with the Joneses.” He’s joined by psychology professor Mary Pritchard from Boise State University, who has studied the emotional impact of comparing your wealth or success to others.
Program Length: 22 minutes