Use BBC.com or the new BBC App to listen to BBC podcasts, Radio 4 and the World Service outside the UK.

Find out how to listen to other BBC stations

Episode details

World Service,10 Aug 2020,17 mins

Rich and frugal?

Business Daily

Available for over a year

Why do some of the super rich describe themselves as frugal? Is it something about the inner psyche that makes us natural savers or spenders? Elizabeth Hotson speaks to Dolly Parton, who despite earning millions, doesn’t particularly enjoy spending it. We also hear from Karam Hinduja, banker and scion of the billionaire Hinduja family. Tech entrepreneur, Richard Skellett tells us why he sees being wealthy as a responsibility, plus we hear from big savers, Tim Connor and Francesca Armstrong. We're also joined by Sarah Fallaw, author of The Next Millionaire Next Door, Rachel Sherman, author of Uneasy Street: The Anxieties of Affluence and Elin Helander, behavioural economist, neurologist and Chief Scientific Officer at Dreams, a money-saving app. Producers: Elizabeth Hotson and Sarah Treanor. (picture of a piggy bank via Getty Images).

Programme Website
More episodes