The Myth of Luxury Shame: Having More Wealth than Family and Friends Has Had Little Affect on the Spending of the Affluent

In November 2008, Newsweek published an article stating that the American affluent population was “experiencing an unfamiliar emotion:  luxury shame”.  The article, as well as several others that have appeared in various media since then, explained that across...

Wealthy Americans Rest Their Heads on ‘The Marriott Bed’ and Hilton’s ‘Serenity Bed’ in NYC

Contrary to popular perception, affluent Americans do not spend lavishly on luxury hotel suites on Park Avenue. In ground breaking research on the definition of luxury and the spending habits of the wealthiest 10% of US households, respondents to a survey by the...