The richer people, when they get another $100,000, or another million, or 10 million, don't tend to spend it as much as the poorer people would if they got another $100 or $1,000 or $5,000. All the empirical evidence suggests that the rich tend to consume a lower proportion of income than middle and lower-income people.
-Adair Turner, Baron Turner of Ecchinswell
Select a background
More quotes by Adair Turner, Baron Turner of Ecchinswell
Popular Authors
A curated listing of popular authors.