WOMEN: Mothers & Daughters

Able wives of able men help them, while they are on the rise, to save money. When their men have become tycoons or neartycoons, able wives become helpful as spenders. So do able daughters. Sons can be helpful, too, but their spendings are not likely to be so helpful to their fathers.

Except for really enormous sums for charity and endowments, men can spend publicly much less gracefully than women. Yet fairly large public spending is good for and gratifying to a wealthy man if his women do it well for him.

If...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!