Modern Living: Recession and the Rich

A wealthy Boston matron has forsworn her weekly massage and canceled the family's spring skiing trip to Utah.

A West Coast tycoon has sold one of his two yachts. A socially prominent Manhattan couple has switched from vintage to nonvintage champagne, while some of their affluent friends provide only California jug wine—in Waterford decanters. A Los Angeles millionairess, Elsie Pollack, now features chili at her dinner parties; another wealthy hostess has replaced cut flowers with synthetic centerpieces. A Chicago industrialist has turned in his Cadillac for a relatively miserly Mercedes 220 with a...

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