22
Nov
08

Wealth Report

It’s nice to see that even in these tough economic times even the upper-crust playboys are having to scale back their activities.

According to a new survey by Prince & Assoc., more than 80% of multimillionaires who had extra-marital lovers planned to cut back on their gifts and allowances. Still, only 12% of the multimillionaire cheaters said they plan to give up on their lovers altogether for financial reasons.

It makes me wonder if I’m doing enough in curtailing my unnecessary expenditures?

Women were far more generous to their paramours in the face of financial crises. Less than 20% planned to lower allowances, gifts and perks, while more than half planned to raise them.

The survey doesn’t mean to suggest that all, most or even a large minority of rich men and women have affairs. It simply is a snapshot of a certain sample at a certain time. Yet it suggests that in a time of financial crisis, it is better to be a kept man than a compensated woman.

Read the entire report via WSJ.

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