Tag: used cars

Reflections: Millionaire Next Door Myth #4: Used Cars

By Thomas J. Stanley on Sep 17th, 2013 in Studying the Wealthy

Last week a reader suggested that a review of previous research on the topic of motor vehicle purchases by millionaires was in order.  And I agree.  In Table 4-1, Motor Vehicles of Millionaires: Model Year in The Millionaire Next Door, I mentioned that nearly 1 in 4 millionaires (23.5%) owns the latest model year vehicle.  Some readers interpreted […]