added by Danielle Vermeer and ยท updated 2mo ago
The new, subtle ways the rich signal their wealth
- Eschewing an overt materialism, the rich are investing significantly more in education, retirement and health. Education accounts for almost 6% of top 1% household expenditures, compared with just over 1% of middle-income spending. Inconspicuous consumption confers social mobility.
from The new, subtle ways the rich signal their wealth by bbc
Danielle Vermeer added 2y ago
- Given that everyone can now buy designer handbags and new cars, the rich have taken to using much more tacit signifiers of their social position.
from The new, subtle ways the rich signal their wealth by bbc
Danielle Vermeer added 2y ago