Down to Earth Ellyn Schoen sees obscene displays of wealth every day as founder of Baby J Catering, a New York City catering company that serves wealthy clients in Manhattan, the Hamptons and Greenwich, Connecticut.
Opinions expressed by Entrepreneur contributors are their own.
In Manhattan, she sees corporate jets and personal drivers as two coveted status symbols, and she detects an intense social-climbing phenomenon underway among the city's twenty- and thirtysomethings. It's a topic Schoen, 45, discusses regularly with friends and colleagues. "Now it's like everybody has money. Where does it come from? And they're [getting] younger and younger," she says.
Memorial Day Sale - Save 20%! Unlock this premium article & so much more with Entrepreneur+
Join the internet’s leading entrepreneur community with our Memorial Day sale! With your subscription, you'll get:
- Digestible insight on how to be a better entrepreneur and leader
- Lessons for starting and growing a business from our expert network of CEOs and founders
- Meaningful content to help you make sharper decisions
- Business and life hacks to help you stay ahead of the curve
Use code SAVE20 at checkout.