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Re: Upper Income Savings

To: PEN-L@xxxxxxxxxxxxxxxx
Subject: Re: Upper Income Savings
From: Doug Henwood <dhenwood@xxxxxxxxx>
Date: Wed, 6 Jun 2007 14:00:17 -0400

On Jun 6, 2007, at 12:47 AM, Paul Phillips wrote:

What did the upper income spend their newly
non-saved income on


Luxury goods & services. Big-ass TVs, Manhattan pieds-a-terre, $400
dinners, doggy spas...

and why did it not lead to inflationary pressure?


It did in the luxury sector. The Forbes Cost of Living Extremely Well
index rose 66% from 1996-2006, vs. 28% for the CPI.

Doug

Follow-Ups:
- Re: Upper Income Savings
  - From: Michael Perelman

References:
- Upper Income Savings
  - From: Paul Phillips
- Re: Upper Income Savings
  - From: Doug Henwood
- Re: Upper Income Savings
  - From: Paul Phillips

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Thread context:
- Re: [lbo-talk] new radio product, ravi Tue 05 Jun 2007, 22:57 GMT
- Upper Income Savings, Paul Phillips Tue 05 Jun 2007, 20:56 GMT
  - Re: Upper Income Savings, Doug Henwood Tue 05 Jun 2007, 21:05 GMT
    - Re: Upper Income Savings, Paul Phillips Wed 06 Jun 2007, 04:38 GMT
      
      Re: Upper Income Savings, Doug Henwood Wed 06 Jun 2007, 17:51 GMT
      
      Re: Upper Income Savings, Michael Perelman Wed 06 Jun 2007, 21:20 GMT
- LBO, Doug Henwood Tue 05 Jun 2007, 20:24 GMT
  - <Possible follow-up(s)>
  - LBO, Julio Huato Tue 05 Jun 2007, 21:46 GMT
    - Re: LBO, Jim Devine Tue 05 Jun 2007, 21:54 GMT

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