Most Wealthy Americans to Spend Money on Charity This Summer
May 30, 2007
Many wealthy people plan to give to charity this summer, according to a new study whose results were summarized by The Wall Street Journal.
They study of 198 people with a net worth of $10-million or more shows that 98 percent of them plan to donate an average of $82,000 to charity this summer.
Those same people also plan to spend $384,000 on yacht charters, $56,000 on entertaining, and $24,000 on wine for entertainment.
The study was conducted by Prince & Associates, a private-wealth consulting and market research firm, for Elite Traveler magazine.
