How the wealthy consumer stays wealthy. Interesting research data from a new survey by Millionaire Corner: The wealth management news site recently polled 1,200 investors, asking them where they drop coin. Among respondents with a net worth of $5 million or higher, the top retail destinations were Home Depot, Lowe’s and Target—with 61, 44 and 41 percent reporting, respectively, that they like to shop there. Nearly half the well-heeled respondents also said they liked to shop at Costco, and a full third admitted to setting foot in Walmart. *Just for the record, right now at Neiman Marcus, $2,490 will buy you exactly one Yves Saint Laurent Y-Ligne Cabas handbag in blue calfskin. By contrast, that same amount at Walmart will pay for 228 pairs of Jordache jeans.
Posted on: Fri, 11 Jul 2014 18:56:52 +0000
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