INDEPENDENT RETAILER magazine is now the official news outlet for Wholesale Central visitors.
Each monthly issue is packed with new product ideas, supplier profiles, retailing news, and
business strategies to help you succeed.
See new articles daily online at IndependentRetailer.com.
Dec 1, 2007
So do 70 percent of those earning $250,000 a year. Among a third group in the study, households with investable assets of at least $1 million, 63 percent purchase online.
Within this total affluent group, 50 percent bought clothing or footwear online in the past 12 months. The comparable figures for buying home furnishings online were 17 percent.
Among all the affluent, 97 percent use the internet. The figures are higher for the $250,000+ group, in which 98 percent use the internet.
In 2006, the 29 million households with annual income of at least $85,000 represented the top quarter of US households, and the average income within that category was $157,700.
There were slightly more than 2.2 million households with incomes of at least $250,000, with an average income of $483,300. There were 2.6 million with at least $1 million in liquid assets such as certificates of deposits, stocks, bonds and mutual funds. The average income in this group was $300,400.
Most affluent consumers are well educated, married or partnered and own their own home. The average age of a head of household was 47.8 years among the affluent as a whole, 50.3 years for the higher income group and 57.4 years for the high net worth category. Nearly a third, of the heads of household in the latter group are retired.
Topic: Wholesale News
Related Articles: online shoppers
Entire contents ©2020, Sumner Communications, Inc. (203) 748-2050. All rights reserved. No part of this service may be reproduced in any form without the express written permission of Sumner Communications, Inc. except that an individual may download and/or forward articles via e-mail to a reasonable number of recipients for personal, non-commercial purposes.