If You Had A Rich Man's Closet Space, You'd Spend Lots On Clothes Yourself

New research confirms that the rich are indeed different from you and me: They own more shoes. And that’s just one detail from a survey by Time of the sartorial microeconomics of America’s affluent consumers. While rebutting the notion that well-heeled people are cheapskates, the poll (among adults with household income of at least $150,000) finds they aren’t splurging willy-nilly on clothing, accessories and such.

For starters, 56 percent said they mainly shop only when they need a specific item.