Good News for Upscale Retailers and Brands: Affluent Consumers Show Optimism for Spending and the Economy in New Survey

In contrast to the March general Consumer Confidence Index of The Conference Board, which fell over 10% to the low levels last seen in Fall 2010, the affluent, who account for about half of all consumer spending, report a better outlook for the economy and their...

Wealthy Americans Rest Their Heads on ‘The Marriott Bed’ and Hilton’s ‘Serenity Bed’ in NYC

Contrary to popular perception, affluent Americans do not spend lavishly on luxury hotel suites on Park Avenue. In ground breaking research on the definition of luxury and the spending habits of the wealthiest 10% of US households, respondents to a survey by the...