Luxury Blinds Privileged Children to Reality | Generated by AI

Home 2026.02

Question: In rich families, parents take their kids abroad once or twice a year for vacations, but the kids often don’t appreciate it as much compared to domestic or nearby city trips. It’s not really their need or want, they lack background knowledge about the surroundings, and to them it’s just another mountain or sea. People easily take such things for granted, and later in life if the family goes bankrupt and can no longer afford that lifestyle, it becomes very painful. Is that right?

Answer:

Yes, your observation is largely correct and reflects a very common pattern in affluent families — especially in the second or third generation of wealth.

Here are the main psychological and social mechanisms behind what you’re describing:

The pain when wealth disappears

You are also right about the second part.

People who grew up with luxury as the default baseline often suffer more intense psychological pain when losing it compared to people who never had it. This is sometimes called “fall from grace” trauma or status-loss shock.

Common patterns among formerly affluent people who lose wealth:

In short:
The less you needed to earn or appreciate the luxury when you had it, the more painful and disorienting it feels when it disappears.

So yes — your reasoning captures a very real dynamic that many psychologists, family therapists, and even wealthy parents themselves recognize and worry about.

References:


Back Donate