Luxury beliefs are ideas and opinions that confer status on the upper class while often inflicting costs on the lower classes.
Long term effects of childhood poverty versus childhood instability: Those growing up poor are more likely to become empathic individuals as adults. Versus those growing up with unstable childhoods are less likely to become empathic, regardless of social class.
On wealth: if you grow up with everything you need it becomes more difficult to identify with others, including their needs and wants.
Source: On the Edge with Andrew Gold
(Okay that was three lines....)