Tags: 1% | hate | rich | wealthy

Poll: 1 Percenters Seeking Anonymity for Their Wealthy Status

By    |   Friday, 14 February 2014 08:14 AM

The top 1 percent is becoming less eager to be seen as rich, according to a new survey of that demographic conducted by American Express Publishing and Harrison Group in the fourth quarter.

One-third of the respondents said they "like it when others recognize me as wealthy," CNBC reports. That's down from 40 percent a year earlier and from 53 percent in 2010.

A total of 28 percent said they worry about "being scorned for being in the top part of the economy," up from 24 percent in the first quarter of 2013.

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Perhaps all the public discussion of income inequality is taking away the cache of being wealthy.

That discussion may also be affecting the 1 percent's attitude toward shopping. A total of 38 percent of respondents said they "feel guilty purchasing luxury goods and services," doubling from 19 percent a year ago.

Some prominent business figures have complained recently that the wealthy are being unfairly castigated. Wilbur Ross, CEO of WL Ross and Co., tells Bloomberg that "the 1 percent is being picked on for political reasons."

He says education is the key to success. "Education is the way that people get out of the ghetto and into, if not the 1 percent, something close to it," Ross said.

Bud Konheim, CEO of luxury-fashion company Nicole Miller, has little tolerance for complaints from the 99 percent about their financial situation.

Most of the world would view them as wealthy, he tells CNBC.

"So we're talking about woe is me, woe is us, woe is this. . . . The guy that's making $35,000 a year, why don't we try that out in India or some countries we can't even name. China, anyplace, the guy is wealthy."

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The top 1 percent is becoming less eager to be seen as rich, according to a new survey of that demographic conducted by American Express Publishing and Harrison Group in the fourth quarter.
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2014-14-14
Friday, 14 February 2014 08:14 AM
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