Liesure Experience or Tangible Items?

People work for different reasons, and some people save to buy things and some for other reasons. Now in the article linked below from Luxist they are saying spending patterns of the rich and affluent have changed the last few years. From spending money on tangible goods such as cars, jewelry, art, homes, large yachts, and private jets. Now they are moving to more experience type items such as:

  • Taking exotic vacations
  • Vacation home in the mountains or at the beach
  • Extended time off work
  • Freedom to work from home

“The human need to seek approval through visible displays of our status is as primordial as ever. What may be changing, however, is how and what we choose to display. The top-rated goods and experiences are reflective of primarily private pleasures and point to a strong aspiration for leisure time, which can also be conspicuous. The shift away from conspicuous consumption from goods to services and experiences can also make luxury more exclusive,”

Personally I have an obsession with electronics and items I enjoy, its not always a necessity but something I enjoy. Working these days isn’t too much of an issue but I know later on I would want more time off. Truth be told we all want a hell of a lot of time off but as long as I am busy, I’m enjoying my work currently even if takes up a lot of time, its satisfying and I work with good people. We all have goals, and its true that sometimes you want to have these special experiences, some are closer then others.

Link: Luxist