The rich are like you and me, it turns out — if youre a millenial. In a New York Times opinion piece, Elizabeth Currid-Halkett, an associate professor at the University of Southern California’s Price School of Public Policy who is writing a book on Thorstein Veblen and 21st-century consumption, says that the way the uber-wealthy now spend their money has changed.
via Millenials and the Wealthy Share Spending Patterns | New Republic.
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Millennials spending money on eating out, vacations and concert tickets is a sign that young people put a high value on experiences.