There’s already a community of people who do conspicuous saving: https://www.reddit.com/r/financialindependence/
In this subreddit people celebrate each other’s saving milestones, share saving/investment strategies, share screenshots of their account balances, etc. Outside of Reddit, searching for “financial independence early retirement” would yield a variety of blogs of people in this community.
However, most people do this anonymously. A common topic in the community is friends and family getting envious when you tell them how much you’ve saved. Here are some examples:
“The idea that you can live comfortably without over consuming, by saving/investing, by creating additional income and deferring some gratification has put people in to a state of shock.” https://old.reddit.com/r/financialindependence/comments/ktfo8x/non_fire_people_tend_to_get_upset_and_defensive/
“My best advice is to STFU about your finances if you wanna keep those friends. I have friends I’ve known for 30 years who don’t know I’m retired, or that we own 3 properties out right. I’m not discussing that we paid 900k for our house, I don’t invite them to my house. I bought a new car, I don’t tell them I paid cash on a 60k mini van. That’s not going to make their life better.” https://old.reddit.com/r/financialindependence/comments/lhd6sb/feeling_disconnected_from_friends_as_we_have/
“Money has suddenly become a contentious issue with a family member after that person asked me for a substantial loan. I never would have anticipated this person making such a request or being upset by my refusal. I greatly regret ever sharing my financial situation.” https://old.reddit.com/r/financialindependence/comments/ixithd/lesson_learned_do_not_share_your_net_worth_or_any/
Another concern I have is that, what you’re proposing could make net worth the most salient feature of an individual—this information is out there in a database, rather than something one needs to spend time and effort to get to know the person to find out. This could lead to a hyper-competitive environment where individuals’ worth is reduced to a number, and social status is done through rankings. That usually doesn’t end well. In addition, much of the concerns about wealth inequality in today’s world still apply here.
Yes, it’s the [crab mentality](https://en.wikipedia.org/wiki/Crab_mentality).