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Unemployment? Not for the Rich
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Unemployment? Not for the Rich

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For those wondering why luxury spending is back even as unemployment hovers close to 10%, consider this: Unemployment among the affluent is only 3%. According to a study from Northeastern University’s Center for Labor Studies, unemployment for those in the top income decile—individuals earning more than $150,000 a year—was 3% in the fourth quarter. That compares with unemployment of 31% for the bottom 10% and unemployment of 9% for the middle decile. – from WSJ



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