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Kiplinger
Kiplinger
Business
Tom Higgins

Quiet Luxury — What is It and Could It Help You Manage Your Money?

Wide shot of woman standing in luxury hotel suite looking at view with curtains blowing in wind

What do you think of when it comes to wealth? Perhaps an image of ostentatious bling comes to mind, complete with luxury cars and huge jewels flaunted on social media. But there's another side to what it means to be wealthy — one of subtlety, refinement and constraint — and while this may not embody the more traditional, material allure of wealth, it may teach you a thing or two about how to manage your own money.

Stealth wealth and quiet luxury are terms used to describe a trend that's back in the headlines, triggered by the hit TV show Succession and the main characters' elite view of the world, due to their shared family fortune. Snide comments about the functionality and practicality of a handbag — carried by one character’s date — illuminate the rarified world they live in. There is no need for a handbag, after all, when you have a chauffeur to hold your car keys and a housekeeper to open the front door.

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