Current Events

The Gift of Data

By Sarah Fallaw on Dec 22nd, 2016 in Books and Publications, Current Events

The follow up to The Millionaire Next Door is underway, and part of that effort has been analyzing data and merging the findings into the drafted chapters of the new book. A few weeks ago, I visited the team at Kennesaw State University who worked with us to administer the massive survey to assess the habits, behaviors, […]

Assessing Black Friday Fitness

By Sarah Fallaw on Nov 23rd, 2016 in Current Events

The frenzy of holiday shopping started over a month ago, culminating with this week’s Black Friday sales, where an estimated 137.4 million people will shop for something. My father had a lot to say about Black Friday shopping, particularly about those who felt it necessary or were compelled to stand in line for hours waiting […]

On the 20th Anniversary of The Millionaire Next Door

By Sarah Fallaw on Oct 20th, 2016 in Books and Publications, Current Events

As we progress through this election cycle I am having a bout of deja vu.  We’ve been here before. Back in 1996 we were watching another election cycle that involved the Clintons–Bill Clinton versus Bob Dole versus Ross Perot.  We were also seeing increased technology addiction (chatting on dial-up ISPs), and feeling as if threats […]

A Nation of ‘Waiters’

By Sarah Fallaw on Sep 1st, 2016 in Current Events, Studying the Wealthy

The inter-generational wealth transfer that is looming in the United States is also being anticipated by our friends in Canada. “We are a nation of ‘waiters’” writes Garry Marr in the Financial Post, “as in, we are waiting for parents and grandparents to expire to get our windfall.” For a variety of reasons, that statement […]

The Handbag Challenge

By Sarah Fallaw on Jun 14th, 2016 in Current Events, Lessons Learned

For many of us, handbags hold our entire lives. My life is held in a six-year-old mom purse, coated on the inside with a thin layer of dried Cheerio powder mixed with applesauce and regularly confused with a punching bag. I have a running joke with my colleagues at Data Points that I’m not buying a new […]

Finding The Millionaire Next Door

By Sarah Fallaw on Feb 16th, 2016 in Current Events, Psychology and Careers

Where is the millionaire next door? Part of my father’s role as an advisor to DataPoints was to guide the creation of assessments that could measure the same factors critical to building wealth in a broad population of financial decision-makers, not just the wealthy or those with high incomes. The assessments, measures of behaviors and life […]

Grateful

By Sarah Fallaw on Dec 24th, 2015 in Current Events

This year has been a challenging one, made brighter by the support and kind words we have received from around the world. My family and I have read your emails, comments, and letters and are truly touched by the impact that my father’s work had on so many. My wish for the new year is […]

Distracted by Black Friday

By Sarah Fallaw on Nov 26th, 2015 in Current Events

How will you spend the day after Thanksgiving? Here’s some research that might influence your decision. In our 2015 survey of affluent Americans–a group that represents the top wealth holders in the United States–we asked how many times they participated in in-store Black Friday shopping in the past five years. Only 2% said they had participated […]

A New Home for The Millionaire Next Door

By Sarah Fallaw on Nov 3rd, 2015 in Current Events Works of Thomas J. Stanley

Always a teacher, my father loved uncovering hidden trends in the economy, in consumer behavior, and in marketing research, and then sharing them with others. He loved reading articles in newspapers, cutting them out, making notes all over the margins, and then turning those findings into essays on how individuals approach money. I would share […]

Researching Wealth and Identifying Potential

By Sarah Fallaw on May 14th, 2015 in Current Events

Data collection is underway for a follow up study on wealth in America, the first reported by my father, Thomas J. Stanley, in The Millionaire Next Door. In addition to examining some of the timeless areas such as asset allocation and automobiles, we have included new fields of study, particularly in behavioral finance. Quick anecdote: […]