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What Precious Commodity Do Wealthy People Value The Most??

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Hmm... well, I would say wealthy people value diamonds, jewelry and precious metal the most. After all, these are the surest symbols of a persons material success.

Well, think again.

The answer my friends, is TIME.

Yes, the most valuable and elusive commodity wealthy people desire above all else, is TIME, plain and simple.

Time is the ultimate luxury

For many wealthy people, the biggest luxury is having more time. Almost two-thirds (62 per cent) of all respondents believe their wealth has brought them more leisure time, while more than half of respondents believe that it has allowed them to spend more or better quality time with their family, the findings show.

More often, wealth brings people greater opportunities for how they spend their time. However, respondents in the higher wealth brackets also are more likely to say that increased wealth has brought them more stress, according to the report.

Buying time

Avoiding stress and saving time is encouraging more wealthy individuals invest in services that help them make travel arrangements, select and purchase clothes and household goods, as well as cooking and cleaning services according to the report. More wealthy people plan to make greater use of time saving services such as private jets and personal shoppers. They also want more services brought into their homes, such as a fitness trainer.

The use of private jets by the wealthy is also set to increase significantly around the world with over half of the respondents in the US and Canada (64 per cent), Italy (58 per cent), Singapore (56 per cent) and Portugal (51 per cent) planning to fly privately as they prefer this to first-class services on airlines.


Via: Barclays


Posted by Judah Gutwein on January 3, 2008 12:16 PM in Luxury Products | Comments (29)

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