Hard Times for “Other Women”
In a survey of really rich people, the Wall Street Journal found that 80% of millionaires who have secret lovers will be cutting back on gifts and financial support during the economic crisis.
The survey–a subset of a larger wealth study–polled 191 individuals with a minimum net worth of $20 million who said they had lovers of at least a year or more (this to screen out the one-night stands, etc.). About two thirds of the respondents were men and one third women. All were married and all had personal control over their finances, meaning the women and men surveyed were the primary wealth holders in their homes.
The most surprising stats in the study relate to gender and what might be termed “length of service.” Fully 82% of men in the study said they planned to lower the allowances to their mistresses, while more than three quarters planned to provide fewer gifts, less expensive gifts and fewer perks, like jet rides, resort vacations and top restaurant meals.
Women were far more generous to their paramours in the face of financial crises. Less than 20% planned to lower allowances, gifts and perks, while more than half planned to raise them.
It appears that in hard times, it’s better to have a sugar mama than to have a sugar daddy. Link -Thanks, Mark!
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