THE PRICE OF THE GOOD LIFE
From Gucci loafers to a kilo of caviar: the Cost of Living Extremely Well.
THINK IT’S EASY being a multibillionaire? Well, yes, it probably is—and America’s richest will be heartened further by our latest Cost of Living Extremely Well Index (CLEWI), which shows that consumer prices for the ten-figure set nudged up just 1.7% this year, nearly half a point below its 2016 increase. Since the Reagan era, we’ve tracked the cost of this basket of 40 ultraluxe items; it has gone up every year, by an average of 5%, while the U.S. Consumer Price Index has risen 3% a year, on average, over the same period. Whatever the cost of these glamorous gewgaws, the wealthiest can handle it: Since we began tracking CLEWI in 1982, the average net worth of The Forbes 400 has increased 960%.
JOHN LOBB WINGTIPS
THE GOLDEN DOOR SPA
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