Mark Scribner, financial advisor to millionaires, says that rich people spend too much money on luxury cars and treating their friends to dinner.

Last year, the ultrawealthy spent nearly $300 billion on luxury goods. Individuals worth more than $30 million accounted for more than 20% of luxury spending. Here's a breakdown of their expensive ...

Rich folks tend to invest in retirement consistently, invest in education and take better care of their health by purchasing ...

Many people have daydreamed about what they’d do with billions of dollars at their disposal. Naturally, these daydreamers ponder some of the more glamorous aspects of being ultra-wealthy — like ...

If America’s economy has a prosperous holiday season, the data suggests, we’ll have rich folks to thank. The top 10% of earners now account for roughly half of all consumer spending, according to a ...

Wealth looks a lot different these days. Status symbols aren’t stagnant – they tend to shift and evolve. As the wealth gap heightens and the picture of “having what everyone else can’t” changes in ...

The rich get richer — and when they do, they spend that money extravagantly. The ultrawealthy, considered anyone worth more than $30 million, spent $290 billion on luxury goods last year, according to ...