Word: affluent
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...Affluent Generation...
Harlem is hardly an affluent neighborhood. Yet some 232,000 people live there, making it more than worthwhile for five of New York's biggest banks to maintain branches around 125th Street, Harlem's main stem. They are Chase Manhattan (assets, $15.3 billion), First National City ($13.9 billion), Manufacturers Hanover ($7.6 billion), Chemical ($6.9 billion) and Bankers Trust ($5.1 billion). Dwarfed by these is the Freedom National Bank, which had, as of the close of last week's banking hours, precisely $9,605,878.07 in assets. Yet for all its relative puniness, Freedom National is growing fast...
...five big banks, but real-estate and small-business loans now constitute 50% of its loan portfolio. Another Hudgins complaint is that "the middle-class Negro, the doctor, dentist and lawyer, is not facing up to a fair share of responsibility in Harlem. When he gets to be affluent, he immediately moves away-to Westchester, Long Island or New Jersey. He makes charitable contributions in Harlem, but that's all. And it's not nearly enough...
Among Europeans, such arrangements on the part of U.S. businessmen arouse anger as well as pleasure. Pleased are the affluent and usually anonymous international investors-London's Economist tartly calls them "international tax dodgers"-constantly seeking new ventures with which to multiply their new wealth. Still intensely nationalistic in financial matters, European governments discourage outsiders from entering their bond markets by imposing coupon taxes ranging up to 25% on alien bond purchases. American bonds, on the other hand, being tax-free and easily transferable, are snapped up in $10,000 and $20,000 lots by zip-lipped Swiss bankers...
Like most people in the Harvard community, both Old and New Snobs are products of comfortable and usually affluent homes. (Even the University Administration, despite its efforts to recruit poor and minority-group students, must admit that Harvard is still predominantly a school for the rich and the near-rich.) The Old Snobbery consisted of a set of attitudes still often associated with the rich: political conservatism, which then meant violent and derisive opposition to Franklin D. Roosevelt and the New Deal, and a scorn for and lack of interest in the problems of members of minority groups...