Characterising this as "the 1%" is a disservice to the concept. You don't have to be "1%" wealthy to do what's in the article.
Also, I question "The wealthy build a better sense of when prices are low and deals are good." - the poor are very aware of how much their food costs, for example. Wealthier people aren't, because they're not counting pennies. A question illustrating this, taken from Yes Minister: "How much is a pound of margarine?" The really wealthy, the 1%, aren't going to have a good idea. But the poor are aware of the costs of their staple foods.
The underlying point of the article isn't a bad one, but extrapolating "this dude orders clothes sight-unseen from his smartphone every two weeks" into "the poor have it so tough" is a strange path to take.
Comments
Characterising this as "the 1%" is a disservice to the concept. You don't have to be "1%" wealthy to do what's in the article.
Also, I question "The wealthy build a better sense of when prices are low and deals are good." - the poor are very aware of how much their food costs, for example. Wealthier people aren't, because they're not counting pennies. A question illustrating this, taken from Yes Minister: "How much is a pound of margarine?" The really wealthy, the 1%, aren't going to have a good idea. But the poor are aware of the costs of their staple foods.
The underlying point of the article isn't a bad one, but extrapolating "this dude orders clothes sight-unseen from his smartphone every two weeks" into "the poor have it so tough" is a strange path to take.