Everyone on 3, give me the biggest WAAAAAAA you can
February 26th, 2008 • Related • Filed Under
By Donvictimiti
1
2
The Working Rich Are Nervous
Prince’s latest research shows that 78% of the “working rich,” or “middle-class millionaires,” defined having a net worth of between $1 million and $10 million and still working for a living, consider themselves “very or extremely concerned about their ability to maintain their current financial position.” He also estimates that 21% of them have already begun pulling back on spending.
Comment by Duffy on 26 February 2008 at 2:18 pm:
The key there is “pulling back on spending”. If people with lots of $$ are spending less, that’s a good way to slow down the economy.