Thursday, April 23, 2015

The Wine Gap

Yesterday I was perusing Sherry Lehmann’s spring wine catalogue and discovered some high end French Red Bordeaux’s at over $1,000 per bottle; over $15,000 per case.  Table wine for the wealthy?
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Earlier this year I posted about the Richey Rich – Part I and Part II.  I concluded billionaires are the new millionaires.  Observing some of the prices in the wine catalogue, I was reminded of Pew Research Center’s data on the wealth gap in America.  It is currently the greatest it has been in three decades.  The median household net worth of upper-income families is $639,400; 6.6 times greater than middle-income families ($96,500).  Their median wealth level is 70 times that of lower-income families ($9,300).

As our economy continues to rebound, wealth inequality will continue to grow.  So will the Wine gap!  A select few will experience a bottle of a 2010 Lafite-Rothschild (Pauillac) this weekend with their grilled Certified Angus Beef® porterhouse steak.  Other grill masters will savor a glass of an award winning Bandit varietal poured from an eco-smart carton with their grilled hot dogs.

Enjoy your table wine of choice this weekend.

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