A Little Recognition from Luxury Insights blog!

From December 16, 2010  Luxury Insights blog - - "WSJ: Wall Street Bonuses and Where Are the Wealthy?"


A couple interesting posts on the Wealth Report...

Sincerely,
George

Austerity, Wall Street-Style article

There's good news at the end of this article by Robert Frank at the Wall Street Journal.

Austerity, Wall Street-Style
Wall Street Journal

Booking Yachts Is Out, Carpooling on Private Jets Is In as Boffo Pay Ticks Lower

One area where bonus spending remains strong is real estate. But bankers are redefining their ideas of a summer cottage. Rather than buying or renting ...

 

High Income Earners Employment Stable

---

Unemployment at 3%? It all depends on how you slice it... Posted: 15 Feb 2010 10:31 PM PST There is an interesting post on the Matrix blog that looks at the rate of unemployment across income levels.  As you might expect, unemployment is highest among the lowest earners. What might be surprising is how low the level of unemployment is at the upper income levels.  Percentage Unemployment by Income Level As Jonathan observes in his post, it is easy to think of measures like the unemployment rate as a single measure, an "across the board phenomenon."  As usual though, things tend to get more interesting and useful when you drill-down to the details.  We hear the overall unemployment number tossed around all the time in the  media. There are so many ways that one can slice and dice it, but as a luxury agent income is a useful measure and it is probably interesting to know that unemployment is so low at the upper income levels.