Gas Prices Widening Gap Between Wealthy and Everyone Else

saks 

The rich are back to pre-recession-style splurging.

A wider wedge is being driven between the wealthy and everybody else due to high gas prices.  The rich are back to pre-recession-style splurging: Saks Fifth Avenue and Nordstrom customers are treating themselves to luxury items like $5,000 Hermes handbags and $700 Jimmy Choo shoes, and they’re paying full price.

 

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