Top One Percenters: “I am Not Necessarily Comparing it to What People of Color Have to Go Through, But….”

by admin | October 20, 2015 3:27 pm

Some rich people in this country, a category of people that has grown immensely over the past few years, now require “wealth therapy”, according to The Guardian.[1]

Former Wall Street worker turned therapist, Clay Cockell, meets and walks with his rich clients in Central Park to help them overcome the isolation of extreme wealth.

Top 1% Seek Therapy Because Being Rich is Sorta of Like Being Black

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Although it’s not like being a person of color, it sorta kinda is, says Cockell:

I shifted toward it naturally,” he said of his becoming an expert in wealth therapy. “We are trained to have empathy, no judgment and so many of the uber wealthy – the 1% of the 1% – they feel that their problems are really not problems. But they are. A lot of therapists do not give enough weight to their issues.”


And as they stroll through Manhattan, what issues are America’s 1% struggling with? There is guilt over being rich in the first place, he said. There is the feeling that they have to hide the fact that they are rich. And then there is the isolation – being in the 1%, it turns out, can be lonely. It seems F Scott Fitzgerald was right, the very rich “are different from you and me”. Especially in 2015.

“The Occupy Wall Street 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. It’s an -ism,” said Jamie Traeger-Muney, a wealth psychologist and founder of the Wealth Legacy Group. “I am not necessarily comparing it to what people of color have to go through, but … it really is making value judgment about a particular group of people as a whole.”

How many black people would consider being rich, and usually white, as comparable to being a person of color?

  1. The Guardian.:

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