PALO ALTO, CA—Explaining how economic conditions were drastically altering citizens’ behavior and spending patterns, a report released Wednesday by researchers at Stanford Business School revealed that rising income inequality was causing more wealthy Americans to take on a second sailboat. “While those with higher incomes used to be able to get by with just a single reliable sailboat, that is no longer the case. Over the past 15 years, changing financial circumstances have led more and more affluent individuals across the country to get a second watercraft,” said the report’s lead researcher, Robert Anthony, adding that nowadays it’s not uncommon for a rich American to have to juggle two, or sometimes even three 40-foot luxury sailing vessels, which are oftentimes located far apart from one another at different marinas.
