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The gap is even wider further down the wealth ladder.
Today a new breed of multi-family offices is extending this service much lower down the wealth scale.
Among ABs, (the richer social classes) 69%, are content, but among DEs (lower down the wealth scale), only 31%.
That's partly because, as the world's rich get richer, auction prices keep rising, while Britain slides down the wealth league.
Because it has never been adjusted to current economic reality, it has come to ensnare the incomes of Americans who are much farther down the wealth ladder, while failing to capture many of the superrich.
Since poorer people tend to save less than richer ones, higher house prices ought to boost spending more than rising share prices.Empirically, economists have long had trouble pinning down the wealth effect from housing.
Similar(47)
Most of all she worked hard to play down the Romney wealth and privilege.
As that number ticked up and down, the personal wealth of senior managers could rise and fall by millions of dollars.
No, I think the reason the so-called creative class is learning to depend on food stamps is because more and more, art and writing are among those livelihoods that don't benefit from any supposed trickle-down effect of the wealth that circulates at the top, among art dealers and media corporations.
So little has trickled down so far that the wealth more likely explains young Mr. Obiang's purchase in Paris of a Bugatti Veyron 16.4 sports car for €1 million, or $1.4 million.
By driving prices down, they sap the wealth of all homeowners.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com