Another difference between the affluent and the ultra-affluent
The ultra-affluent increased their spending on business-class plane tickets by 114% in the second quarter, compared with a year earlier. Rich consumers also boosted spending on cruises, car rentals and luxury hotels. They spent 12% more on fine dining.
They also increased their spending on fast food by 24%, 3x more than the average consumer.
Here’s the original WSJ article.
Posted 1 year ago
