Affluent Consumer Spending - Outlook for the Remainder of 2008

Spring 2008 Affluence Survey finds the following spending trends among America's affluent:

• Almost half (45%) said they have not and do not intend to reduce or defer expenditures in the next 12 months
  
  
• They report plans to increase spending during the next 12 months in more than half of the spending categories measured (specifics available at affluenceresearch.org)

Over the next twelve months they will buy an estimated:

• 2.2 million motor vehicles
  
• 2.4 million home remodeling projects
  
• 1.6 million cruise buyers (for 3.2 million total cruisers)
  
• 493,000 primary residences
  
• 470,000 vacation residences

Source: The American Affluence Research Center, Spring 2008