PropertyCasualty360, December 26, 2016, Michael S. Fischer- How wealthy Americans Spend thier money in these 14 categories
How wealthy Americans spend their money in these 14 categories
Spectrem study finds some spend more than $100,000 on everyday and luxury items. Many of these items need insurance coverage.
Americans with great wealth are able to spend money on things others cannot afford, such as collectibles, or spend vastly more on everyday items, including clothing and home improvement.
A new whitepaper from Spectrem Group examines very wealthy investors’ spending habits, looking in particular at items that for the most part are not necessities.
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