Sharing news and commentary about education, careers, investing, and life.

Sharing news and commentary about education, careers, investing, and life.

Saturday, December 22, 2007

Predictions For The Rich

Here's The Wealth Report's take on the rich in 2008. Two quotes that caught my attention from the related print column in the Wall Street Journal:

"I think there is increased anxiety among the wealthy," says Peter White, a New York-based counselor to rich families. "But I also think there is a greater understanding of the interconnectedness of things, that what they do in their individual lives can have broader implications."

Here's the second quote:

Experience and access are quickly becoming new status symbols for the wealthy. The most prized experiences have an educational or altruistic bent, which help deflect populist criticism. Rather than buying another house or Swiss watch, the rich are trekking with penguins at the South Pole, having lunch with Nelson Mandela in South Africa or visiting a village in Bhutan to help build a school.

The final frontier in conspicuous consumption: space. In the end it's all about quality dinner conversation (my emphasis), and a rare trip aboard the space station will always outshine stories of another yachting trip to Greece.

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