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Article: Super Rich Plan to Increase Spending According to New Elite Traveler/Prince & Associates Summer Spending Survey.
- Article from:
- PR Newswire
- Article date:
- May 18, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Summer spending by Households with Net Worth $10 million and Over to Increase More than 50 compared to 2005
NEW YORK, May 18 /PRNewswire-FirstCall/ -- While the mortgage meltdown and rising gas prices are causing many Americans to tighten their belts this summer, those in the ultra-affluent (Net Worth $10 million +) segment are expected to escalate their expenditures on everything from vacations and entertaining to apparel, jewelry, watches and electronics. According to the 2007 Elite Traveler/Prince & Associates Summer Spending Survey, the Elite Affluent -- those "super rich" consumers whose household net worth tops $10 million -- will be increasing their ...