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Research has shown affluent consumers cutting their spending in response to the sagging values of their stock portfolios and mansions. But are the really, really rich doing likewise? Ah, they’re made of sterner stuff! At least, that’s what we gather from a poll fielded late last month by Elite Traveler magazine and Prince & Associates.
Among households with net worth of more than $30 million, 29 percent said they plan to spend less between now and the end of the year than they did in 2007.
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