Any plebian schadenfreude reading how hard it is for the uber-rich to live their lifestyle will not last too long. While those billions go pretty fast it seems but they keeping making more (unlike the rest of us) to cover for inflation:
Many luxe life amenities rose much more than the average, of course. A 3-course dinner for 40 people catered by Ridgewells of Maryland is up 9% from a year ago Ridgewells CEO Susan Lacz says rising food prices and increased costs for both labor and transportation contributed to the jump. A dozen bespoke cotton shirts from London’s Turnbull & Asser will set you back $10,020, up 7%. The price of an Olympic-size pool is up for the eleventh consecutive year, to $4.8 million, a 6% increase. Talking about your problems with an Upper East Side psychiatrist now costs $500 per 45-minute session, up 5%.
Prices of non-essential, discretionary things stopped making any sense to me a while back - there has to be some foundational reasoning behind the cost of things. When that is no longer evident, as an average shopper I move on. The price of eggs has been an interesting one in that regard for me. Given the very low volume of consumption, it is not hard to afford even the most expensive variety but the question is why should a consumer pay such absurd prices? With food prices people do have some choice - they can always scale back and down.
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