Luxury Fever

Robert Frank Professor of Economics, Ethics and Public Policy, Cornell University Author, Luxury Fever [Free Press,1999] Co-author, The Winner Take-All Society: Why the Few at the Top Get So Much More Than The Rest of Us [Free Press, 1995] America is experiencing a rise in luxury consumption. Todays spenders believe the bigger, the flashier, the better. Our houses are growing in size and cost; we drive fully loaded SUV's; and we wear expensive clothes and accessories. But the costs of living in an era of excess may well touch our hearts as much as it hits our wallets. Join Ray Suarez and guests to discuss today's spending patterns and how to reverse the trend.

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