Why Your Rich Friend Venmo Requests You For $4

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Scrolling through my Venmo transactions, it’s clear that the requests for ridiculously low amounts are almost always made by friends who were either born with me or make more money than me.

The experience is strange and seemingly universal.

“Rich people Venmo you for $4.72 for like half a bagel because they have no concept of money and don’t understand that working class people work under the economy of buying someone a beer.” An X user mused.

“Friend Making $450k As Software Engineer: ‘Can You Venmo Me $3.62 For Your Share Of Uber Ride?’” wrote another.

Susan Bradley, founder of the Sudden Money Institute, coaches clients who have quickly or unexpectedly fallen short of cash on how to transition from having none.

The phenomenon of the rich friend being the stingiest is true, she says: “People with more money than their peers struggle with generosity.”

‘They are peerless’

Bradley says that if a person knows they are in a higher income bracket than their friends, they are likely to feel different or “other.”

“People with significantly more [money] He says there should be less population as companions. “So in some ways they are peerless.”

Because their money is what separates them from their friends, they begin to believe that they have money Why They have friends.

“They don’t want to be taken advantage of or feel like, ‘I have money and that’s why people hang out with me,’” Bradley says. “It seems so invalid.”

This insecurity manifests as a $4 Venmo request.

“If someone’s doing a small-dollar Venmo, it means they’re not feeling well,” Bradley says.

If someone Venmo’s small dollars, it means they’re not feeling well.

Susan Bradley

Founder of Sudden Money Institute

‘With more wealth comes more attention to transactional relationships’


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