This year has been a challenging one, made brighter by the support and kind words we have received from around the world. My family and I have read your emails, comments, and letters and are truly touched by the impact that my father’s work had on so many. My wish for the new year is …
How will you spend the day after Thanksgiving? Here’s some research that might influence your decision. In our 2015 survey of affluent Americans–a group that represents the top wealth holders in the United States–we asked how many times they participated in in-store Black Friday shopping in the past five years. Only 2% said they had participated …
Always a teacher, my father loved uncovering hidden trends in the economy, in consumer behavior, and in marketing research, and then sharing them with others. He loved reading articles in newspapers, cutting them out, making notes all over the margins, and then turning those findings into essays on how individuals approach money. I would share …
Data collection is underway for a follow up study on wealth in America, the first reported by my father, Thomas J. Stanley, in The Millionaire Next Door. In addition to examining some of the timeless areas such as asset allocation and automobiles, we have included new fields of study, particularly in behavioral finance. Quick anecdote: …
In a recent edition of Financial Advisor magazine, Nick Murray wrote a piece on The Millionaire Next Door and Dr. Thomas J. Stanley’s life. Mr. Murray, an expert in his own right, discusses the book in the context of the time it was written and the way in which stories were blended with statistics to illustrate how seemingly …
One of the projects my father and I were working on before his death was a new company called DataPoints. Based on his research and data, I created a company to provide financial institutions and individuals a way to determine individual wealth potential using assessments and reporting. My father was my chief advisor and mentor. …
A recent article in The Boston Globe highlights the issues Bostonians are considering related to purchasing homes in affluent areas. The piece recites a financial-planning principle: “A bit of perspective: In many parts of the country, the rule of thumb is that housing costs should occupy a third of one’s income. Here, that standard frequently …
Trading on Anticipated Future Wealth: Homes & Cities Read More »
Dear Readers, Thomas J. Stanley, my father and mentor, passed away after a tragic car accident on February 28th, 2015. At the time of his death, we were working together on multiple projects, including two new books, Data Points, and a line of research examining life experiences and wealth accumulation. Our family takes great comfort …
Thank you for your continued support of Dr. Stanley’s work over the years. Sadly, Dr. Stanley passed away on Saturday, February 28, 2015. Here is a link to the story. A number of requests have been made from individuals asking how they can commemorate Dr. Stanley’s life and work. For this purpose, donations may be made to the following: The Salvation …
Harry owns a Jeep dealership. Recently his 14 year old son told him that “some of the kids at school are teasing me over the headline in USA Today: Jeep tops ‘Consumer Reports’ list of worst car values. Earlier USA Today published Consumer Reports’ “predicted liability by brand.” Jeep ranked 27 of 28 makes. …