Is this a classic first world problem?

I’m not someone who judges people’s way of using money. And I wish newspapers could just leave rich people alone, because the way they spend money is of little importance. It also unnecessarily reinforces the hate toward rich people and their spending habit.

I think those rich people with too much money to spend keep burning money in ridiculous ways because they know people will take notice, and they gain fame subsequently. If newspapers just leave them alone, they will have no more way to show off. No more hate for rich people either.

So I guess the first world problem is: someone does some stupid and trivial money-related action and the media goes apeshit.

It’s a 1% problem not a first world problem but I agree with @Mimishu1995 that in the scheme of things, it doesn’t matter.

How much did he pay the team of divers? There’s a good chance that he’s getting more money back from the recovery than he’s putting into it, isn’t there? (I don’t know how much a team of divers goes for these days).

And if one earring is $100K, might the pair of them be worth more as a complete set? (Or, at least, might the second earring lose some of its value for not having a partner? So really, we could be talking about losing a substantial portion on $200K worth of value, which might not make this less of a “1% problem,” but might make the investment in divers a better investment? Idk. I’ve also heard that diamonds lose their value very quickly once purchased, so it might not be worth $100K anymore…. Not sure how true that is, though.)

I agree with @janbb – 1% problem, not “first world”.

A first world problem would be “lost my earring from the Shane Company while water skiing at the lake”.

True story from 35 to 40 years ago.

Bili Cosby is Kauai on vacation.
He is body surfing with a men’s tennis bracelet valued at $15,000.

Yup not on his wrist when he gets out of water.

1% problem !

^^^ True story from my own life, maybe 20 years ago. Husband and I were swimming and body surfing at an Oahu beach, and he’d forgotten to remove the rental car’s keys from his swimsuit pocket. Yes, the keys were lost. We made frantic calls to the rental agency and had to wait a long time until someone came to deliver a backup set.

We’d had a classic “first world” problem. The wealthy football player’s situation, by contrast, was most certainly a 1% problem.

All of that said, I’m still waiting to know if the divers ever found the goddamn earring…..

@PullMyFinger—haha me too!

I tried to see some reason in all of this but as I was doing dishes later today all I could think of is “man, $100K could do a lot of good in this world.” Not his $100K per se, since he is by far not the only one to spend lavishly, but still. In the abstract, someone could do a lot with it. I guess I’m glad I don’t have to make those kinds of decisions, or at least not have to make them at that magnitude.

I was googling to see if there’s anything about them finding the ring, and it doesn’t seem like they did. Article says that Lake Lanier is over 65 feet deep and the bottom is covered with trees and debris from the creation of the lake in 1956. It seems like it’s not happening. I don’t think I would have tried if I were him. Just 65 feet in itself and the fact that an earring is a tiny thing is like finding a needle in a haystack. Add on to that the info about the bottom being covered with trees and it seems like a totally impossible task.

It’s a stupidity problem. I have a diamond pendant worth a few thousand, but I wouldn’t wear it while playing in any body of water. Actually, I don’t wear ratings in the water period, except I can see wearing simple posts or small hoops in some cases.

It’s not typical first world, because I don’t think this is a typical situation even among the fairly prosperous nations or individuals.

Good employment for the divers!