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Tales From the 1%

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Got $40 grand lying around? Nina Garcia suggests you spend it on an Hermes Birkin bag. "This is the bag that you can spend a few weeks' salary on and not feel guilty," she tweeted, along with a link to a sale on Moda Operandi where the bags were going for $14,500 to $74,500. Fashionista did the math, and that would mean Garcia assumes she's speaking to people who earn between $4,884 and $24,833 every week. Dont worry; her Twitter followers already got to lambasting her. [Fashionista]