The Rich Discover Discount Shopping

The rich have discovered frugality! Or, at the very least, they are finally realizing there is no need to splurge on expensive name-brand paper towels, paper plates and trash bags.

Indeed, middle- and high-income consumers are increasingly turning to dollar stores for their basic household needs, according to a report released on Tuesday by The Neilson Company. High income shoppers spent 18% more at dollar stores during the second half of 2008.

This, of course, bodes well for retailers such as Family Dollar Stores(FDO Quote), which has been rated a buy by TheStreet.com since July 2008, based on the company's outstanding fundamentals and recession-resistant business model. ...