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The elite's favorite status symbols have become way more expensive over the past 20 years

7 days ago   |   By

The elite have turned towards investing in education and health as a means to flaunt their riches.
AFP Contributor/Getty Images
Services in health care and education have increased in price by over 100% in the past 20 years, per an AEI chart .
Meanwhile, consumer goods like new cars, clothing, and TVs have become way more affordable.
The split between the two mirrors the rise in discreet wealth , in which immaterial means have become status symbols.
Visit the Business section of Insider for more stories .
Showing off wealth is no longer the way to signify having wealth. Flashing a Louis...
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