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Money-rich, time-poor is an expression which arose in Britain at the end of the 20th century to describe groups of people who, whilst having a high disposable income through well-paid employment, have relatively little leisure time as a result. Time poverty has also been coined as a noun for the phenomenon.
Many people accept time poverty as a necessary condition of employment; others have sought to solve the problem through downshifting or through adoption of flexible working arrangements. The problem affects both salaried workers who work long hours even though they might be well compensated, and hourly low-wage workers who work long hours to earn more money.
Well-off pensioners and some super-rich people are not affected by this as they do not have to work for a living and often do not due to large assets or passive income streams paying the same as a well-paid job.
In popular culture
- The fantasy novel Momo by German author Michael Ende dealt with this issue, in regards to time and its use in the modern society.
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