Newsflash: It's Expensive Being Rich
I can't believe I'm about to say this: Oh, those poor rich people.
But it's kinda true, if you're in a generous and sympathetic mood and willing to look at the numbers. The more money you have the more money you need, it's as simple as that. The luxury market and the prices of luxury goods is rising at about 3 times that of the standard market and of standard goods. Part of the reason for this is the fact that although there's more and more money floating around in the world there is still a finite amount of goods to be purchased with that money, and for people with money to spend status symbols become almost exclusively defined by their price: the higher the better.
It's a LOT more complicated than that, but it really can all be summed up in the simple phrase "it's expensive being rich!"
Reader Comments (Page 1 of 1)
Neece Nov 8th 2007 8:07PM
Poor, poor rich people.
http://authenticindulgences.com/
Jacqueline Nov 8th 2007 9:26PM
Um, I'll be happy to help out the poor rich people by taking some money off their hands. Wouldn't want anyone to be stressed out, after all!
Barring that, at least there are all sorts of concierge services, wealth managers, magazines (like http://www.portofolio.com), and recommedation engines (like http://3Luxe.com - god forbid they have to research and shop for their own luxury goods! Who is going to tell them what is the best and the most coveted?). Still, however, I'm having trouble stirring up any sympathy for the mo' money, mo' problems set.
simon Nov 9th 2007 5:11PM
Gimme a break... I'm looking at a major surgery I dont have the money for, my daughters 1st b-day that family will be helping us get her party together, a 6 year anniversary with my girlfriend that I cant afford a ring to propose with, and a bank account thats negative $500, and Christmas is coming fast... I make $8 an hour and my girlfriend is finnaly getting close to graduating with a Psych degree and these assholes are worried about the cost of their luxury goods when many worry about where their next meal is coming from? Boo-frickin-hoo...