Sudden Wealth Syndrome

  • Aired:  09/26/12
  •  | Views: 63,035

After walking a mile in a rich person's Ferragamos, Jason Jones learns the paralyzing anxiety of sudden wealth. (4:15)

(CHEERS AND APPLAUSE).

>> Jon: WELCOME BACK.

NOW THERE IS A GREAT DEAL OF TALK IN THIS COUNTRY ABOUT PEOPLE PICKING THEMSELVES UP BY THEIR BOOT STRAOPS TO BETTER

THEIR LIVES AND FIGHT THEIR WAY INTO THE 1%.

BUT IS IT WORTH THE COST?

JASON JONES HAS MORE.

>> AMONGST ALL THE TERRIBLE NEWS ABOUT PEOPLE WHO'VE LOST THEIR JOBS OR THEIR HOMES THERE'S BEEN

ONE GROUP THAT'S BEEN OVERLOOKED-- THE EXTREMELY WEALTHY.

LUCKILY, PSYCHOLOGIST DR. STEVEN GOLDBERG AND PSYCHOTHERAPIST JOAN DEFURIA HAS BEEN THERE TO HELP.

>> AVERAGE CLIENT IS $25 AND $50 MILLION AND UP.

PEOPLE COME TO US WHEN THEY DON'T HAVE TO WORK ANOTHER DAY IN THEIR LIVES.

>> SO WHY DO THEY HAVE PROBLEMS?

(LAUGHTER)

>> I KNOW IT SOUNDS VERY ODD BUT THE CLIMATE TODAY IS VERY DIFFERENT THAN IT WAS TEN YEARS AGO.

>> WE'RE REALLY ANGRY AT THE HAVES RIGHT NOW.

>> AND SO WHAT HAPPENS BECAUSE OF THAT HAVE IS THE WEALTHY END UP HIDING THEMSELVES IN THESE GATED COMMUNITIES.

>> WHEN I THINK ABOUT THESE PEOPLE I JUST FEEL BAD AND I JUST-- (LAUGHTER).

-- WANT TO PUNCH THEM IN THE (BLEEP)ING FACE.

>> THE WEALTHY ARE PEOPLE, TOO.

>> FROM THE TRUST BELT IN CONNECTICUT TO THE TECH GET CO-S OF SILICON VALLEY, THE RICH ARE BEING UNFAIRLY VILIFIED BUT AT

THE MONEY MEANING AND CHOICES INSTITUTE HAS IDENTIFIED A MORE SERIOUS PROBLEM.

>> WE COINED THE PHRASE SUDDEN WEALTH SYNDROME.

>> SUDDEN WEALTH SYNDROME?

>> IT DESCRIBES THE PSYCHOLOGICAL ISSUES AND SIN TOMS THAT MANY PEOPLE EXPERIENCE AS A CONSEQUENCE OF COMING INTO

NEW OR SUDDEN PROBLEMS.

>> THEY HAVE PROBLEMS, THAT'S WHY WE COINED THE TERM S.W.S.

>> IF YOU CONTRACTED S.W.S., COULD THAT LEAN TO FULL BLOWN R.B.S.?

>> WHAT'S THAT?

>> RESTLESS BUTLER SYNDROME.

>> WE'RE NOT GOING TO BITE.

>> SORRY, MAKING UP A CONDITION AND GIVING IT AN ACRONYM TO MAKE IT SOUND LEGITIMATE IS FOOLISH.

SORRY, YOU WERE SAYING, S.W.S.

SURE THE POOR AND MIDDLE-CLASS ARE WORRIED ABOUT HAVING ENOUGH FOOD.

BUT THE WEALTHY HAVE TO WORRY ABOUT WHETHER OR NOT THEIR WAITER IS RECORDING THEM WHILE THEY MOCK HALF THE COUNTRY.

IT'S A PAINFUL REALITY THAT AFFLICTS AT LEAST 1% OF THE 1%.

SO LET'S SAY I'VE CREATED A HOT NEW APP.

>> RIGHT.

>> IT'S CALLED DICK WIDGET.

>> OKAY.

>> NOW I'M WORTH $100 MILLION.

CAN YOU HELP HE?

>> WELL, WE BEGIN BY ASKING YOU WHAT--

>> A DICK WIDGET IS--

>> NO, I DON'T CARE WHAT A DICK WIDGET IS.

>> IT'S AN APP THAT DRAWS (BLEEP) ON PEOPLE'S FACES.

>> IT DOESN'T MATTER HOW YOU MADE YOUR MONEY.

YOU GOT IT, YOU GOT LUCKY.

>> NOT REALLY, DICK WIDGET WAS POPULAR.

>> BUT WE DON'T KNOW THE DETAILS OF THE BUSINESS.

WE NEED TO KNOW WHY IT IS YOU'RE COMING TO US.

>> YOU TELL ME, YOU'RE THE SHRINKS.

>> WHAT ARE THE NEEDS AND WANTS THAT YOU HAVE THAT HAVE NOTHING TO DO WITH YOUR POCKETBOOK ANYMORE.

>> IF I GAVE YOU THIS BRIEFCASE AND IT WAS FILLED WITH MILLIONS OF DOLLARS.

>> MILLIONS OF DOLLARS.

>> YOU'VE GOT IT.

>> FEEL PRETTY GOOD RIGHT NOW.

>> YOU FEEL PRETTY GOOD RIGHT NOW.

THEN WHAT HAPPENS?

WHAT DO YOU DO?

>> COKE, HOOKERS.

>> THIS IS WHAT WE CALL THE HONMY MOON PHASE OF GETTING MONEY.

THEN WHAT HAPPENS?

>> MORE COKE, MORE HOOKERS.

>> MOST PEOPLE FIND AFTER SIX MONTHS OR A YEAR THEY SAY NOW WHAT?

>> WE'RE GOING TO DIE, SO IN BETWEEN THE TIME BETWEEN NOW AND WE DIE WHAT DO WE FILL OUR TIME WITH?

>> GET DOWN TO BUSINESS, OPEN A NIGHTCLUB, CALL IT DOUBLE J.

>> AND THEN?

>> START A BASKETBALL LEAGUE ON JETSKIS.

>> DOES THAT MAKE YOU HAPPY?

>> YES!

I HAVE TO TELL YOU GUYS, I DO NOT SEE A BAD OUTCOME HERE.

(LAUGHTER) BUT ONLY AFTER WALKING A MILE IN A RICH PERSON'S $4,000 SHOES DID I TRULY KNOW THE PARALYZING

ANXIETY OF SUDDEN WEALTH.

SWEETHEART, PLEASE.

THANK YOU VERY MUCH.

TABLE SALT.

(LAUGHTER) YUP.

THAT DID IT.

AND AS THE DEVELOPER OF THE REVOLUTIONARY APP DICK WIDGET AND CREATOR OF THE WORLD'S MOST POPULAR SPORT I WAS GLAD I WAS

MENTAL HEALTH PROFESSIONALS LIKE DEFURIA AND GOLDBERG TO HELP ME CONFRONT MY DEMONS.

>> YOU'RE NOW A RICH GUY.

YOU'RE LIKE DOZENS AND DOZENS OF PEOPLE IN SILICON VALLEY, SUDDENLY YOU'RE NO LONGER JASON THE COMPUTER PROGRAMMER.

>> IT'S COMING OUT YOUR CHEEK.

>> UH-OH.

>> THANK YOU, DR. GOLDBERG.

I'M FEELING BETTER ALREADY.

(CHEERS AND APPLAUSE).

>> Jon: JASON JONES

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