Super-Rich to Boost Holiday Spending
Not the super rich, however. Families with discretionary incomes of $250,000 and up plan on boosting their holiday spending by 7% from last year to an average of $2,708, according to a new survey from Harrison Group and American Express.
Those surveyed who make between $100,000 - $250,000 said they plan on spending less this Christmas--even though 29% of those surveyed in that category said that in fact their household income is up over the last year. As for the shaky economy, 84% say they're confident they can handle whatever comes their way.