Apparently, people are still spending money - in a big way. A recent study by Prince and Associates of Elite Traveler magazine suggests that the average "Elite Affluent Person" is likely to spend $367,000 on a holiday yacht charter this holiday season. This is apparently a "24% increase" over last years charter average.

Wondering if you qualify as an "Elite Affluent Person"? If your assets equal $10 million or more, Elite Traveler thinks you are.

Wow. One could do MANY bareboat sailing charters for $367,000...