Ultra-rich spending ‘strategically’
October 17, 2008,
Stevens, Pa. -- Ultra-affluent shoppers are still spending, only “more strategically,” according to a survey by Unity Marketing. Ultra-affluent consumers – with incomes of $250,000 and up -- have cut spending on luxuries by nearly 20% in 2008 vs. last year.
A less-affluent group -- those making $100,000 to $249,999 – has also cut back, by 10%, in the first three quarters of 2008 vs. 2007.
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