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Affluent consumers still spending less in recovering economy: Booz


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.