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People with more money 'struggle with generosity,' expert says
The phenomenon of the rich friend being the stingiest rings true, says Susan Bradley, founder of the Sudden Money Institute.
Susan Bradley, founder of the Sudden Money Institute, coaches clients who have quickly or unexpectedly come into large windfalls of cash on how to transition out of being a have-not. The phenomenon of the rich friend being the stingiest rings true, she says: "People with more money than their peers struggle with generosity." Being economically peerless also means you might struggle with feeling a sense of community, says Hal Hershfield, a professor at the University of California, Los Angeles Anderson School of Management.
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