- Spire Global UK general manager Frank Frulio, who earns £250,000 annually, unsuccessfully sued his employer for not receiving an expected bonus, claiming he could no longer afford to work.
- This case highlights "money dysmorphia", a phenomenon where individuals perceive themselves as poorer than they are.
- Studies show people commonly underestimate their wealth, with high earners often having the largest discrepancy.
- Factors contributing to this misperception include childhood financial experiences, lifestyle creep, and social media comparisons.
- While the cost of living has risen and the definition of "luxury" has shifted, financial anxieties can sometimes be warranted, but extreme cases like Mr Frulio's are outliers.
IN FULL
The creep of money dysmorphia – and why you think you’re poor when you’re not
