wealthy – News Stories About wealthy - Page 5

High-End Media Strikes Back at 'Luxury Bashing'

glossies

Jun 13, 2009 7:00 PM CDT

High-End Media Strikes Back at 'Luxury Bashing'

High-end media strikes back at mass-market press

(Newser) - Tired of watching its affluent readership attacked, upscale media outfits are striking back at their mainstream press brethren, Johnnie Roberts writes in Newsweek. Brett Andersen, editor of the high-end monthly Robb Report, had led the charge by blasting the “demonization of the wealthy and the industries that cater to...

Recession Cools
Worldwide Migration

ANALYSIS

Jun 6, 2009 2:51 PM CDT

Recession Cools Worldwide Migration

(Newser) - Facing a tough job market, immigrants are returning home around the world, reversing historic migration patterns and giving up on income that once fed their families, the Wall Street Journal reports. With construction workers going back to Mexico and domestic servants to the Philippines, wealthy nations are also bound to...

From Food to Health Care,
the Poor Pay More

May 18, 2009 7:54 AM CDT

From Food to Health Care, the Poor Pay More

The economics of poverty mean the poorest pay higher prices for everyday essentials

(Newser) - The economics of poverty are complicated, the Washington Post reports, but it boils down to this: “The poorer you are, the more things cost.” The poor spend more in time, money, hassle, and exhaustion than do the middle class or wealthy on everything from a loaf of bread...

Thrift Is Expensive
in the Hamptons

May 16, 2009 2:30 PM CDT

Thrift Is Expensive in the Hamptons

Wave goodbye to conspicuous consumption in the playground of decadence

(Newser) - Keeping up with the Joneses means downplaying wealth in the Hamptons this summer, Allen Salkin writes in the New York Times. Conspicuous consumption is out, conspicuous thrift is in as Hamptonites try very hard to match the economic malaise in the rest of the country. “Low-key” and “beachy”...

Rich Heirs Boast
Money and a Job

GLOSSIES

May 10, 2009 5:27 PM CDT

Rich Heirs Boast Money and a Job

Having money just isn't enough for many of the world's wealthy youth

(Newser) - Wealthy heirs are dropping their silver spoons and getting down to work, it seems. From the Mondavis to Trumps to sons and daughters of royalty, 38 heirs posing for Vanity Fair this month say they're determined not to rest on family laurels. Some are working hard at the family business...

Rich Feel 'Guilty'
Spending Now: Poll

Apr 30, 2009 3:18 PM CDT

Rich Feel 'Guilty' Spending Now: Poll

(Newser) - Even the still-rich are unhappy in this economic climate, though their dolor is more likely to come from shame than anything else, USA Today reports. 54% of people who have $100,000 to spend after such mundane things like mortgage payments and taxes “feel guilty purchasing luxury goods” nowadays,...