Next time you pull up to Arby’s and see a Rolls-Royce in the parking lot, and a guy inside with a top hat and monocle going to town on a Beef ‘N Cheddar…
According to a study by American Express, thanks to the economy, rich people have started going to fast food restaurants more than ever.
In the last three months of 2010, American Express’s richest clients had a 4% increase in fast food spending. Their spending at more expensive restaurants declined 4%.
With the economy recovering slowly, they’ve found that everyone’s prioritizing their spending, even rich people . . . and eating out doesn’t seem to be that high on people’s lists.
In other words, they’d be more willing to spend on a vacation . . . but then eat Burger King once they’re there.