AP reports that even the ultra-rich people are scaling down their expenses. Luxury retailers are responding to it and offering 70% to 80% discount. When I saw this discount percentage, I thought that I can finally afford to buy something from Neiman Marcus.

No chance! Fur coats are marked down from $13,000 to $6,500. You call it discount?! Ok, for the super wealthy people, it is. See more on this here.

When the super affluent people are cutting down their expenses, it’s time that we save even more aggressively.