Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Report: Affluent Consumers May Finally Feel Post-Recession Confidence
Sep 4, 2013
 Printable format
 Email this Article
 Search

Affluent consumers' expectations for future spending increased in July 2013, according to Unity Marketing, which said the increase in July bodes well for spending in the back-to-school and holiday shopping seasons.

The marketing firm, which specializes in tracking luxury consumer habits and spending, said the most affluent 20% of consumers in the United States are the biggest spenders in the consumer economy and account for more than 40% of consumer spending.

The increase in consumer confidence among affluents comes in the same time period as a 15.9% increase in spending by these consumers on luxury and high-end goods and services in the last quarter.

The results are based on the firm's most recent luxury tracking study, which surveyed 1,189 affluent consumers with an average income of $273,200. The survey was conducted July 9-15, 2013.

"We have seen plenty of minor spikes in affluent consumer confidence since 2010, but the latest one at the start of the third quarter 2013 feels different that the others," said Danziger. "It has all the markings of a sustainable recovery that will give affluents the confidence to spend more freely through the end of the year."

The report indicated that affluent consumers feel more confident about the financial direction of the country. Of those surveyed:
• 32% believe the United States is better off financially now, up from 27% at the beginning of the second quarter of 2013
• 27% reported spending more on luxury items, up from 23% in the previous 23%

Back to Daily News

 

Daily News

...........................................................

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

Oct 22, 2014: ACCA wants the HVAC manufacturers to develop open, universal communication protocols

Oct 22, 2014: IHA launches website to connect OEMs with consumers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows