It’s Not So Easy Being Less Rich

[jeffrey]

NANCY CHEMTOB, a divorce lawyer in Manhattan, has found that her days have become crammed seeing clients, all worried about how an economic downturn will affect their marriages.

They seem to have nothing to fret about: their net worths range from $5 million to $1 billion. A blip in the markets shouldn’t send their chateau-size Park Avenue co-ops to foreclosure or exile them to Payless Shoes.

But Ms. Chemtob’s clients are concerned all the same, she said, because their incomes have shrunk, say, to $2 million a year from $8 million, and they know that their 2008 bonus checks are likely to be much less impressive.

It’s Not So Easy Being Less Rich - NYTimes.com

[poundwise]

“I literally had to sit there and tell him that he had to tell his wife that she had to stop spending,” she said. “He was actually scared she would leave him because their financial situation changed so drastically.”

Rich or not, this is a sad commentary on a relationship.


"These financial problems — if they can be called that — will hardly elicit tears from the rest of us."

The rest of us hypocrites I suppose. If Joe Sixpack can whine and moan about the change in his economic situation then I don't see why Joseph Merlot can't do the same.

[Joan.of.the.Arch]

"the wealthy are cutting back on luxuries like $350 highlights."

Yeah, me too. This morning I looked at my grey roots beginning to show and asked myself if I might be ready to give up my $8.47 box of dye which I make last through three dye sessions. No: I 'd rather give up a bag of new Fruit of the Loom socks once a year.

[LuxLiving]

Funny Joan!!!

For us blonde types - Thank God sunshine is still free and the hydrogen peroxide is still cheap. Think 'sun-in' in a yellow generic bottle!

Yeah, it may be brittle, but's it's nigh on to platinum!!

Or there is always the free give away ball caps to cover the roots! We crafty women have our ways!