How Much a Millionaire Spend for a Suit of Clothing?

What’s the Most a Millionaire ever spent for a Suit of Clothing?

Suppose if I ask you this question than you MUST think in your mind that, the answer should be between $ 2000-10,000 right? Because after all these people are millionaires so they MUST have expensive choices right?

But well, if you have guessed the above figures than you are absolutely wrong. Because Millionaires don’t spend this much amount of money behind clothing. According to one survey on over 3.5 Million American Millionaires, more than 50% of Millionaires have never spend more than $ 400 behind their clothing…..!!!!

Isn’t it shocking & eye opening?….

And about 45 % Millionaires spend less than $ 1000 behind their expensive clothes. Only less than 5 % Millionaires have spend between $ 2000-10,000 behind their clothes. This is because Millionaires believe in accumulating wealth and not in showing high status life style. They don’t care how they look. They only care that, How many Assets they own?

Than who buy all those expensive & Luxurious Brand Clothes? Well, The Upper Middle Class. The High Income but low wealth accumulator group of people buy those expensive clothes and not the real rich and wealthy people.

Yes, This is true. Most of the Luxurious Brand suits and clothes are consumed by upper middle class people who fall into high income category. These are the people who are the low accumulator of wealth and consume all of these luxurious clothing brands. This is because they just want to look cool and rich.

Showing High Status is the main focus of High Income group people mainly Doctors and Lawyers. Now, Just ask your self that, How much you spend behind clothing? Like a Millionaire or like Upper Middle Class?….!!!!