The affluent are spending more on inconspicuous items, including education

Originally published at: https://eduk8.me/2017/09/affluent-spending-inconspicuous-items-including-education/

Rather than filling garages with flashy cars, the data show, today’s rich devote their budgets to less visible but more valuable ends. Chief among them is education for their children: the top 10% now allocate almost four times as much of their spending to school and university as they did in 1996, whereas for other…