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The Cut: ‘It’s a Weird Time to Be Rich Right Now’

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‘It’s a Weird Time to Be Rich Right Now’

When the one percent starts to feel paranoid, Clay Cockrell is the first to hear about it. A therapist who specializes in treating the neuroses of the ultrawealthy, Cockrell says that many of his clients are in the privileged position of getting freaked out by eat-the-rich sentiments these days. “The Birkin bags are going into hiding,” he says. “I’m seeing a lot of people increasing their security and privacy. They’re worried about being too showy, too flashy.” One client is driving a ten-year-old Toyota and leaving his Lamborghini in the garage; several others have put away their multi-carat diamond rings. They’re all posting less on social media.

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