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How do the wealthy spend their money?

Regina Financial Advisor_0I recall reading an article back in 2007/2008 – sometime before the ‘big drop’ that talked about how ‘the wealthy’ were scaling back their luxury spending. The article went on to say that this was an indicator of where things may be going in the future.

It does make you wonder – lots of us know that people with real money spend differently from you and me. And if that’s the case, what does this article say about our current situation? If we’ve just had a 15% increase in the market (US) and the people with money aren’t planning to spend…

makes you wonder.

http://ca.finance.yahoo.com/news/wealthy-spend-less-handbags-watches-100…