Friday, December 12, 2008

Poor Little Rich Kids

The New York Times has always had a reputation for viewing the world through some very expensively tinted spectacles. Even in happier economic times it seemed to have a curious perspective on what constituted financial hardship, like in this article about Silicon Valley millionaires who don't feel rich enough because their neighbours own even bigger houses or drive better Ferraris.

However, the credit crunch seems to be casting the old grey lady even further adrift from ordinary people's concerns. This week alone has seen not one but two brilliantly badly judged tales of monetary suffering. First there was this excellent piece by Frank Bruni on how tough it is in New York to feed two people for under $100 (or around two days' pay on minimum wage). Then today we have this treat focusing on the teenage offspring of formerly wealthy parents who are having to struggle by without such basic necessities as pilates classes and sushi lunches.

Breaks your heart, doesn't it? And all this just weeks before Christmas too. It almost makes you forget about people losing their savings, jobs, and homes.

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