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Less Luxury

Even the rich seem to have decided life’s little luxuries need to be put on hold for now.

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Dining in upscale restaurants

Fine jewelry

Photo By Courtesy Photo

Even the rich seem to have decided life’s little luxuries need to be put on hold for now. The American Affluence Research Center, based in Alpharetta, Ga., this fall asked more than 550 wealthy consumers what they planned to spend more, less or the same on over the next 12 months. The bad news: They were cutting back almost everywhere. The good news: They expected to trim back the least on charitable giving.

 






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