SYS-CON MEDIA Authors: Jason Bloomberg, Mat Mathews, PR.com Newswire, David Smith, Tim Crawford

News Feed Item

Concise Analysis of the US Luxury Consumer Market - Forecasts to 2018

DUBLIN, Feb. 19, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/l325wb/us_luxury_report) has announced the addition of the "Concise Analysis of the US Luxury Consumer Market - Forecasts to 2018" report to their offering.

(logo: http://photos.prnewswire.com/prnh/20130307/600769)

The financial news is full of reports of rebounds in retail and consumer spending, but this post-recession growth is not occurring uniformly across the economic segments. Rather, it is the affluent consumer who is increasing his or her spending, with much of the increase coming from those making $100,000 to $249,999 per year, a segment known as the HENRYs (High Earnings, Not Rich Yet). This is according to the Luxury Report 2013, the newest research report from Unity Marketing covering five years (2008-2012) of affluent consumer behavior in the luxury market.

Specifically, it is the HENRYs who are driving much of the improvement in the luxury goods and services markets. By 2012, the HENRYs had brought their spending levels back up to 2009 levels, even topping those by 3.4 percent. Even though HENRYs individually have a far lower spending threshold than ultra-affluents, there are about ten HENRY households for every ultra-affluent. That is why, with a total of 21.8 million households, the HENRY segment is a critically important part of the consumer market.

While the HENRYs have picked up the pace of high-end purchases since 2009, the ultra-affluents, those at the top 2 percent of incomes of $250,000 and above, have gone in the other direction. Ultra-affluents spending on luxury since 2009 dropped 14.1 percent and in 2012 it reached its lowest level in five years.

Key Topics Covered:

Introduction

1 About the Luxury Market

2 How Affluent Consumers Feel about the Economy and their Financial Status

3 About Affluents' Luxury Purchases & their Spending

4 About Luxury Consumers' Favorite Shopping Destinations

5 Personal Luxury Purchases Detail

6 Experiential Luxury Purchases Detail

7 Home Luxury Purchase Detail

8 Personalities of Luxury

For more information visit http://www.researchandmarkets.com/research/l325wb/us_luxury_report

Media Contact: Laura Wood , +353-1-481-1716, [email protected]

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.