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As rich get poorer, their waistlines expand

The New York Times reports that the rich are suffering. Since last August when the subprime collapse surfaced, rich Wall Streeters have seen their net worths plummet. And they're eating more to handle the stress of losing their jobs. The evidence is clear to their personal trainers who see them step on the scale and read their eating journals.

One has seen his net worth fall to $8 million from more than $20 million, and he thinks that his wife will leave him. He has borrowed money to keep up with his wife's appetite for extravagant clothes and vacations. People are selling million dollar jewel collections that they never wear -- and they keep driving their Bentleys -- so that their friends won't notice.

But the weight gain is the worst. One Wall Street executive snacks on nuts in her office all day to manage the stress of potentially losing her position, while another confesses to inhaling four bowls of cereal at 10 p.m. The Times quotes a dietitian as saying: "The number one concern that they have is the state of the financial market. There definitely is a correlation between the stock market and weight gain."

Continue reading As rich get poorer, their waistlines expand

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Last updated: May 28, 2012: 06:39 PM

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