5 Things the Upper Class Won’t Be Able To Afford in Less Than a Decade

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When you think of someone in the upper class, you probably think of a person who can afford anything. However, what was once affordable may soon become unattainable, even for the wealthiest.

Many items and experiences that are currently the hallmark of the upper class are likely to become rare. Here are five things that might be out of reach for even the wealthiest individuals in less than a decade.

1. Exclusive Ownership of Classic Cars

The classic car market has always been a playground for the rich. However, with the global push toward sustainability and electric vehicles, owning a classic car might become a rarity.

Governments worldwide are imposing strict regulations on carbon emissions, leading to a decrease in the production and ownership of gasoline-powered vehicles. The upper class may find it increasingly challenging to own, maintain, and legally drive these classic cars on public roads, making them a relic of the past.

2. Private Islands

Owning a private island has been a symbol of ultimate wealth and exclusivity. However, climate change and rising sea levels pose a significant threat to these luxurious retreats. Many of these islands, especially those in low-lying areas, are at risk of flooding or even disappearing entirely. The cost of maintaining and protecting these islands from environmental threats is likely to skyrocket, making them an unsustainable and unaffordable asset for the upper class.

3. Space Tourism

Space tourism is currently emerging as a new frontier for the ultra-wealthy. However, this trend might be short-lived due to environmental concerns and potential regulatory changes.

The carbon footprint associated with space flights is significant. As global awareness and regulations around environmental protection tighten, these leisure trips might become prohibitively expensive and socially frowned upon, placing them out of reach for the wealthy.

4. Exotic Animal Ownership

Owning exotic animals has long been a status symbol among the rich. However, increasing awareness of animal rights and strict wildlife protection laws are making it more difficult to own exotic pets.

In less than a decade, it’s possible that owning such animals will not only be seen as unethical but also become illegal in many parts of the world. This could potentially remove this privilege from the list of upper-class possessions.

5. Bespoke Luxury Travel Experiences

The concept of personalized, luxury travel experiences tailored to the whims of the rich may undergo a drastic shift. The growing emphasis on sustainable and responsible tourism is leading to a reevaluation of the impact of such travel.

The carbon footprint of private jets, mega yachts, and the exploitation of natural and cultural resources for luxury experiences is under scrutiny. As a result, these bespoke, extravagant travel experiences may become limited, heavily regulated, or even condemned, making them less accessible to the upper class.

Bottom Line

The definition of luxury and what is accessible to the upper class is changing. While wealth can buy many things, it seems that in less than a decade, even the richest may find themselves unable to afford or partake in these once-exclusive luxuries.  

Editor's note: This article was produced via automated technology and then fine-tuned and verified for accuracy by a member of GOBankingRates' editorial team.

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