Get the most out of your Inc. online experience by registering and joining the Inc. community today. Get access to all Inc.com content and priority invites to free Inc. networking events in your area.

Login using:


Or login directly through Inc.com

Millionaires Upbeat About Economy

 

Shrugging off financial market volatility, wealthy Americans are not curtailing plans to purchase luxury cars, go on cruises, or remodel their homes -- though some are putting of buying new boats and vacation homes, according to a recent survey.

Based on a poll of 615 men and women with an average annual income of $302,500 and a net worth of $3.3 million, the wealthiest 10 percent of U.S. households have a more optimistic outlook on the economy and loser spending plans than the general population, according to the American Affluence Research Center, a Miami-based market research firm.

Despite the positive outlook, expectations for future business conditions, the stock market, and household income have slipped to a two-year low, the survey found.

In the six-year history of the survey, respondents have tended to become more optimistic about the economy as their income and net worth increases, the firm said.

- more briefs-