Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Guy Buys $123 Safe on eBay, Finds $26,000 Inside Seller tries to get half the cash back, fails »

How to Be Middle-Class Rich

You don't have to have über-big bucks to spend like you do

By Ambreen Ali,  Newser User

Posted Feb 21, 2008 10:26 AM CST

(Newser) – Middle-class millionaires are carving out a luxe lifestyle to define their 16.5-million strong group, Forbes reports. And while the $1 million to $10 million stashed in the bank doesn’t make them all that rich, that doesn't put much of a dent in lavish spending habits:

  1. Mega-home improvements, to the tune of $150,000 yoga rooms.
  2. Haute couture jewelry, complete with 11-carat diamonds.

  1. Get-it-while-you-can luxe cars, like the $1.38 million Lamborghini Reventón.
  2. A $180,000 membership to access vacation homes around the world.
  3. Handbags that cost more than a car, like Rene Lautrec's $25,700 Aristocrat.
  4. Wine priced at $6,000 a pop, or a $150,000 membership in a private wine estate.
  5. A personal concierge to book plastic surgery and track down that Reventón.

The new Lamborghini Reventon is seen on the second press day at the International Auto Show (IAA) in Frankfurt, Germany, on Wednesday, Sept. 12, 2007. (AP Photo/Bernd Kammerer)
The new Lamborghini Reventon is seen on the second press day at the International Auto Show (IAA) in Frankfurt, Germany, on Wednesday, Sept. 12, 2007. (AP Photo/Bernd Kammerer)   (Associated Press)
The middle-class millionaire vacations in the Turks and Caicos.
The middle-class millionaire vacations in the Turks and Caicos.   (KRT Photos)
A woman checks out jewelry in the window of a street-facing booth at one of the jewelry exchanges along 47th street in the Diamond District in New York in this Jan. 10, 2007 file photo. (AP Photo/Kathy Willens, file)
A woman checks out jewelry in the window of a street-facing booth at one of the jewelry exchanges along 47th street in the Diamond District in New York in this Jan. 10, 2007 file photo. (AP Photo/Kathy...   (Associated Press)
Middle-class millionaires have survived the economic slump and continued spending. This file photo shows a home featured in Hampton Magazine.
Middle-class millionaires have survived the economic slump and continued spending. This file photo shows a home featured in Hampton Magazine.   (Associated Press)
The new class of millionaires are small-time entrepreneurs, like those who own multiple McDonald's franchises.
The new class of millionaires are small-time entrepreneurs, like those who own multiple McDonald's franchises.   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne