The American rich often indulge in luxury goods while pinching pennies on everyday items.

Question

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Many wealthy Americans practice what is known as "value spending," where they are willing to spend on high-quality or luxury items that represent a good value or investment but are also known to be frugal with everyday purchases, seeking discounts and deals. This behavior reflects a complex understanding of money management that emphasizes spending on what is valued while saving on less important items.

The American Rich Often Indulge in Luxury Goods While Pinching