A good number of affluent people, many deduce, are stingy.
The ultra-rich who don't flaunt their wealth because Forbes will do it on their behalf, those whose money exceeds the budgets of entire countries, are said to be difficult to dish out money.
An article by Yahoo! Finance quoted research by Experian Automotive showing that "for people with a household income of more than $250,000 (Sh30.3 million), 61 per cent don't drive luxury brands. They drive Toyotas, Fords, and Hondas like the rest of us".
Facts First
Unlock bold, fearless reporting, exclusive stories, investigations, and in-depth analysis with The Standard INSiDER subscription.
Already have an account? Login
The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print
operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a
leading multi-media house in Kenya with a key influence in matters of national
and international interest.