In the August 5, 2007 edition of the New York Times Sunday edition, there were three prominent mentions that referenced a growing middle-class millionaire phenomenon. Mind you, all of this is in advance of the book's actual publication so it's a double-edged sword. While I wish the book were out right now, my friends console me with the notion that all this coverage means the soil is being well-seeded for our book's debut.
Front Page: "A" section:
Part of the "Age of Riches" series, Gary Rivlin looks at "working-class millionaires," with net worths of less than $10 million, and their sense of still needing to work to keep things afloat.
NYT Book Review
A review of Robert H. Frank's book, Falling Behind: How Rising Inequality Harms the Middle Class. Frank, a professor of economics at Cornell U., makes the point that the purchasing life of the ultra-high net worth inevitably finds its way down to the merely wealthy, then on to the middle-class. A case of "The influence of affluence," to be sure.
NYT Magazine
Describing the demise of the American summer vacation, Kirn points out that even when they do go on vacation, Americans stay connected to the office through modern technology. Based on growing research that the top quintile of Americans work significantly longer hours than the middle-class, this really is the plight of the middle-class millionaire more than the middle-class.
