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movement was a good one and had some important things to say about income inequality but it singled out the 1% and painted them globally as something negative,” said Jamie Traeger-Muney, a wealth psychologist and founder of the Wealth Legacy Group. The media, she said, is partly to blame for making the richfeel like they need to hide or feel ashamed”. “Sometimes, I am shocked by things that people say. You would never refer to another group of people in the way that it seems perfectly normal to refer to wealth holders.” “Its really isolating to have a lot of money. Peoples reactions to you can be scary,” said Barbara Nusbaum, an expert in money psychology. “We are all taught not to talk about money. Its not polite to talk about money. Ironically, its harder to talk about having money than it is to talk about not having money. Its much more socially acceptable to say 'I am broke. Things are hard.' You cant say 'I have a ton of money.' You have to keep a lot of your life private.” As a result, Cockrell points out, the rich tend to hang out with other rich Americans, not out of snobbery but in order to be around those who understand them and their problems. The growing gap between the rich and poor is a global phenomenon. According to Oxfam, the richest 1% have seen their share of global wealth increase from 44% in 2009 to 48% in 2014 and

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August 2026