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Some Expensive Must-Have Items:

According to the Federal Reserve, the net wealth of American households hit a high at the end of last year, increasing from $46.59 trillion in the third quarter of 2004 to $48.53 trillion in the fourth quarter.

Rising real estate and stock prices helped push the country’s household net worth up 4% between the third and fourth quarters.

You can now buy a $67,000 hand-crafted bathtub; Luxury is no longer confined to the affluent. To enhance people’s lives they are willing to pay more for luxury items like expensive perfumes and designer handbags.

Sometimes it’s hard to justify spending much more on an item when something considerably less expensive offers the same functionality.

Still, the expensive watches get sold and people are proud to own them. The exclusive maker of mattresses for the British royal family will reject a container of cashmere if it is deemed to be clumpy or defective in any way, says the director for the American division.

For each bed, workers cover thousands of springs in calico cotton; the damask cases are hand-woven in Belgium. If you have to ask how much these mattresses cost you can’t afford them.