Hobby Buying and Status Consumption

It turns out that the key to wealth is buying the right kind of watch, marrying the right kind of wife and being the right kind of white.

Where to find us: 

• Our Patreon
• Our merch!
• Peter's newsletter
• Peter's other podcast, 5-4
• Mike's other podcast, Maintenance Phase

Sources:

• Uneasy Street
• A Century of Wealth In America
• Family, Education, and Sources of Wealth among the Richest Americans, 1982–2012
• Wealth Elite Moralities
• The insane growth of America’s millionaire class
• The Extraordinary Rise In The Wealth Of Older American Households
• Planning & Progress Study 2025
• Striking Out on Their Own: The Self-Employed in Bankruptcy
• How Many Households Meet The Net Worth Guidelines Of The Millionaire Next Door?
• Paying Tribute to Thomas Stanley and His ‘Millionaire Next Door’
• Pity the Billionaires
• What Rich Women Want
• The deserving or undeserving rich?
• The Evolution of Top Incomes

Thanks to Mindseye for our theme song!