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Affluent consumers still spending less in recovering economy: Booz

November 19, 2010


Affluent consumers are still holding back on spendingThe frugal habits that affluent consumers adopted during the economic downturn have continued or worsened over the past year, according to Booz & Co.

The report surveyed 2,000 consumers, breaking down the analysis of people with annual incomes of over $100,000 and under $100,000. It revealed that most consumers, even those from the more affluent sector, still feel uneasy about the economy and thus continue to cut back on spending.

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