The Richistan Archive
10 Status Symbols We Hope Disappear in the Recession
Monday, January 12th, 2009If the financial crisis has a silver lining it is the decline and fall of the overpriced, over-hyped status economy. Getty Images You know, the one built on bling and Hummers and Louis Vuitton for the masses. The past decade may have had its excesses, but none were as stupefying as the ... Continue reading
Millionaires Lose 30% of Their Fortunes
Thursday, January 8th, 2009American millionaires have lost about a third of their wealth during the financial crisis, according to a new survey. Getty Images The study, by Spectrem Group, the Chicago-based wealth-research firm, found that households with a net worth of $1 million or more say their assets have declined 30% or more. Nearly one-fifth ... Continue reading