Do Not Worry: The Top 1% Are Spending MoreNovember 30, 2011 5:34 am
We had spotted multiple interesting OWS stats – we spotted this today:
“Early reports are mixed, depending on wealth and income levels. According to Harrison Group and American Express Publishing, consumers who make between $100,000 and $250,000 are expected to spend 17% less than they did in 2010.
Those with discretionary income of $250,000 or more, however, plan to spend 7% more than they did last year, the study found.
The American Affluence Research Center expects the richest 1% to spend about 2.3% more than they did last year. That increase comes despite (or perhaps because of) the unusually pessimistic outlook of the 1%.”
Statistics Source: WSJ