Nick Maggiulli on why the upper middle class isn’t special anymore:

Picture it. You’re at one of the nicest resorts in one of the most prized vacation destinations in the world and there are literal millionaires scrambling to get pool chairs at 8AM. What the hell is going on?

I’ll tell you. The upper middle class is getting too big. There are too many people who are millionaires and multi-millionaires and there simply isn’t enough space to accommodate them. Why do you think the Amex lounge is a zoo? Why do you think house prices haven’t come down? Why do you think vacations evolved into cut throat competitions?

Because there are too many people with lots of money.

I think he is onto something, for here is Jennifer Bradley Franklin of the NYT writing about $9,000 jigsaw puzzles:

Christine Murphy thinks she has a problem.

The 42-year-old grant writer and novelist has more than 150 puzzles in her collection at home in Portland, Maine, approximately 50 of which are hand-cut hardwood. She has one in progress at all times, and works on it every day.

“If I don’t get to do it, I get a bit glum,” she said. “I would happily do nothing but massive, thousand-piece hand-cut puzzles.” But, she added, referring to their price: “My God, those are multiple mortgage payments. It’s like a couture puzzle.”

…

A Stave Puzzles 800-piece limited edition costs $8,495 (on sale from $8,995). Orders from the company, founded in 1974, go up from there. A recent order from a single customer was close to $40,000, said Paula Tardie, an owner of Stave. “We have done wedding favors, puzzles for opening night gifts for Broadway shows and some very large puzzles for family reunions.”

“We have a couple of customers who, in the last decade, have spent over $500,000 with us,” said Mr. Danner of Elms.

If $9K can’t even get you a decent resort holiday, blowing it all an puzzles is as good as anything.