With the Biden Administration taking us to a $400,000 threshold for higher taxes, deciding who is rich has become a legislative debate.
A recent study provides insight about income inequality by asking if we believe financial success comes from our own effort or the environment.
When Hermes combined very high prices with limited availability for its Birkin bags, it not only generated conspicuous consumption but also a problem.
The average American has access to the types of consumer goods that only the wealthy used to buy. We can purchase a pricey iPhone or watch Netflix on a massive home TV screen. We eat steak, enjoy ahi tuna, and…