Luxury Spending Up in 2013

Here's some good news for a Monday: According to the 2013 Survey of Affluence and Wealth in America, 14 percent of wealthy consumers plan to increase their spending this year. This can only mean one thing: more money in your pocket.

The study, co-produced by American Express Publishing and Harrison Group and now in its eighth year, surveyed 1,416 wealthy and affluent U.S. consumers to examine the attitudes, lifestyles and spending patterns of the top Ten Percent of wealthiest Americans, based on household income. Survey respondents have a minimum of $100,000 in discretionary income.

Those surveyed plan to increase spending for vacations by 10 percent on luxury hotels and resorts by 17 percent and on weekend getaways by 14 percent over last year. 

For more information visit www.luxurymarketinsights.com.

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