The rich are suffering, too.
 

November 18, 2008, 11:20 am
Rich Cut Back on Payments to Mistresses
WSJ

You know times are tough when the rich start cutting costs on their
mistresses.

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.


“Rich people are getting hit, and they’re all expressing the need to
curtail unnecessary spending,” said Russ Alan Prince, president of
Prince & Assoc., a wealth-research firm based in Connecticut. “Lovers
are part of the same calculation.”

Of course, any study of millionaires and their mistresses should be
taken with a large grain of salt. The survey–a subset of a larger wealth
study–polled 191 individuals with a minimum net worth of $20 million who
said they had lovers of at least a year or more (this to screen out the
one-night stands, etc.). About two thirds of the respondents were men
and one third women. All were married and all had personal control over
their finances, meaning the women and men surveyed were the primary
wealth holders in their homes.

The most surprising stats in the study relate to gender and what might
be termed “length of service.” Fully 82% of men in the study said they
planned to lower the allowances to their mistresses, while more than
three quarters planned to provide fewer gifts, less expensive gifts and
fewer perks, like jet rides, resort vacations and top restaurant meals.

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.

Susan Shapiro Barash, who teaches gender studies at Marymount Manhattan
College and wrote “Little White Lies, Deep Dark Secrets,” about why
women lie, said women value their lovers more than men in a time of
economic trouble. “For the women, lovers matter more than ever now
because the rest of life is so dreary,” she said. “For the men, they’re
just cutting across the board.”

Ms. Barash added that women may value their lovers more today because
their husbands are so miserable. “If your husband lost his job on Wall
Street and he’s miserable, you need the escape,” she says.

The duration of the relationship also seems to play a role in the
economics of high-end cavorting. The study found that more than two
thirds of the millionaires who had been with their lovers for three or
more years planned to cut back. That compares with less than half for
those with a tenure of one to three years.

“What we found in talking to the respondents is that the magic of the
relationship with their lover fades after a while, so they’re more
willing to let them go,” Mr. Prince says.

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.

The rich are suffering, too.
 

Everything is relative. Some would say Harry Krause is rich. If you
didn't spend so much time feeling sorry for yourself, you might enjoy
your own riches instead of being such a sour ass and grousing about
EVERYTHING.

The rich are suffering, too.
 

jim wrote:
Everything is relative. Some would say Harry Krause is rich. If you
didn't spend so much time feeling sorry for yourself, you might enjoy
your own riches instead of being such a sour ass and grousing about
EVERYTHING.


Sorry, I'm *not* monetarily rich. I also don't feel sorry for myself.

The rich are suffering, too.
 

Boater wrote:
jim wrote:
Everything is relative. Some would say Harry Krause is rich. If you
didn't spend so much time feeling sorry for yourself, you might enjoy
your own riches instead of being such a sour ass and grousing about
EVERYTHING.


Sorry, I'm *not* monetarily rich. I also don't feel sorry for myself.

Stashes of gold, Condos in Florida, Farms in Virginia,Large property in
Maryland, and a red barn somewhere. You're rich buddy, considering some
folks don't have a roof over their head. You don't have any excuses for
being such a sour ass. And no reason to be grousing about EVERYTHING, buddy.

The rich are suffering, too.
 

jim wrote:
Boater wrote:
jim wrote:
Everything is relative. Some would say Harry Krause is rich. If you
didn't spend so much time feeling sorry for yourself, you might enjoy
your own riches instead of being such a sour ass and grousing about
EVERYTHING.


Sorry, I'm *not* monetarily rich. I also don't feel sorry for myself.

Stashes of gold, Condos in Florida, Farms in Virginia,Large property in
Maryland, and a red barn somewhere. You're rich buddy, considering some
folks don't have a roof over their head. You don't have any excuses for
being such a sour ass. And no reason to be grousing about EVERYTHING,
buddy.


Stashes of gold could be no more than a sockful of coins.

Condos come in all sizes.

Ahh, the red barn...well, it's not the sort of barn you'd want to store
anything valuable in, as it is in danger of falling over on itself at
any moment. I think the paint holds it together. But a number of
neighborhood critters call it home in the winter.

The rich are suffering, too.
 

On Wed, 19 Nov 2008 10:22:55 -0500, Boater wrote:

more cut'n'paste ****.

Harry, did you know I subscribe to the Washington Post because their
plastic bags are great for picking up dog ****?

Now *that* is something worth posting about!
--
John H.

The rich are suffering, too.
 

"Boater" wrote in message
...

November 18, 2008, 11:20 am
Rich Cut Back on Payments to Mistresses
WSJ


I wonder who funded this study.

Just think. Instead of studying this, a donation to the Navy could have
been made to buy at least two rigid hulled inflatables to combat Somalian
Pirates.

Eisboch

The rich are suffering, too.
 

Boater wrote:
jim wrote:
Boater wrote:
jim wrote:
Everything is relative. Some would say Harry Krause is rich. If you
didn't spend so much time feeling sorry for yourself, you might
enjoy your own riches instead of being such a sour ass and grousing
about EVERYTHING.


Sorry, I'm *not* monetarily rich. I also don't feel sorry for myself.

Stashes of gold, Condos in Florida, Farms in Virginia,Large property
in Maryland, and a red barn somewhere. You're rich buddy, considering
some folks don't have a roof over their head. You don't have any
excuses for being such a sour ass. And no reason to be grousing about
EVERYTHING, buddy.


Stashes of gold could be no more than a sockful of coins.

Condos come in all sizes.

Ahh, the red barn...well, it's not the sort of barn you'd want to store
anything valuable in, as it is in danger of falling over on itself at
any moment. I think the paint holds it together. But a number of
neighborhood critters call it home in the winter.

Where is that barn, by the way. I couldn't find it on the inventory sheet.

The rich are suffering, too.
 

JohnH wrote:
On Wed, 19 Nov 2008 10:22:55 -0500, Boater wrote:

more cut'n'paste ****.

Harry, did you know I subscribe to the Washington Post because their
plastic bags are great for picking up dog ****?

Now *that* is something worth posting about!


No one is surrounded by more **** than you are. You exude it.

The rich are suffering, too.
 

Eisboch wrote:
"Boater" wrote in message
...

November 18, 2008, 11:20 am
Rich Cut Back on Payments to Mistresses
WSJ


I wonder who funded this study.

Just think. Instead of studying this, a donation to the Navy could have
been made to buy at least two rigid hulled inflatables to combat Somalian
Pirates.

Eisboch




Weren't you in the navy? Why not link up with FloridaJim and SW Tom, who
has a fast assault boat, and save the taxpayers a lot of money and
aggravation. Surely one of you could fire a shotgun without killing the
other two boys.