Used as both a noun and a verb, A term used to describe one way the wealthy behave regarding money. They view money as a simple disposable commodity because of the amount theyâve acquired.
Despite the fact they can modestly buy a quality product that will last, theyâll simply spend on the first cheapest item they see in a lazy attempt to âsave moneyâ rather than acknowledging or appreciating the wealth they have. Theyâll spend on small extravagant things all the time such as expensive scented soaps, and because the size of the product is small, they can use their flawed logic to justify the purchase. When a purchase that needs to be done is a little more expensive, such as buying a new router, theyâll find the first cheap one on Amazon with an ok rating claiming that itâll help save money, which it wonât in the long run.
These kinds of people often claim that they donât have much and need to spend wisely, especially to appear more modest to others. Theyâll continue living a pseudo-poverty lifestyle without putting in the effort to realize their priorities are in the wrong place. People who live this lifestyle often also act confused or disappointed in those with less income who spend more for quality items since they refuse to understand the alternative perspective.
Essentially, theyâre an adult flavor of spoiled rich silver-spoon brat.
Billy was ashamed to invite his friends over because his parents lived in perverted poverty; he didnât want people to think he would gloat his money just because his parents didnât appreciate their wealth.
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