Mark Dolliver: Rich and Unfazed

Thank heaven for the really, really rich. We can count on them to keep spending freely even as the merely affluent start cutting back. In a poll of well-heeled Americans by Elite Traveler magazine and Prince & Associates, 49 percent of respondents with household income be-tween $1 million and $5 million agreed with the statement, “Because of market conditions, I have cut back on discretionary spending.” The same is true for 19 percent of respondents making between $5 million and $10 million.