Posts filed under “Consumer Spending”

Hedonism Index Update

Paul Kedrosky found a nice study on the burgeoning growth of millionaires:

"Being a millionaire is becoming so … common. The damn people are seemingly everywhere, as a new report from
TNS points out. The number of U.S. millionaire (excluding primary
residence) households is up 5% to 9.3m, which means, given 92m U.S.
households, that one in 18 households meets the definition, or one
every urban block or so."

Here’s the growth breakdown overtime, and by county, via TNS:

click for larger table

M_by_county

Households_millionaire

This is consistent with our discussion of the Hedonism index Tuesday.

>

Source:
TNS REPORTS RECORD BREAKING NUMBER OF MILLIONAIRES IN THE USA
Annual Survey of the Wealthy Reveals Significant Growth in Internet
Investing Reducing the Need for a Financial Advisor
TNS-GLobal, May 1, 2007
http://www.tns-global.com/corporate/Doc/0/19P6619ECA74V69LBJ317289D7/
Millionaires%20Release%20May%202007%20FINALFINAL.doc.pdf

Category: Consumer Spending, Economy

Auto Sales Reveal the Slow Motion Slowdown Continues

Category: Consumer Spending, Data Analysis, Economy

More on Mortgage Equity Withdrawals and Consumer Spending

Category: Consumer Spending, Economy, Employment, Psychology, Real Estate

Amazon WTF?

Category: Consumer Spending, Web/Tech

Read it here first: Slow CapEx Spending Worries Economists

Category: Consumer Spending, Corporate Management, Economy

Smackdown! Microsoft versus Google

Category: Consumer Spending, Corporate Management, Digital Media, Intellectual Property, Technology, Web/Tech

Household Cash versus Debt

Category: Consumer Spending, Economy, Psychology

Real Consumption versus NAHB Sentiment

Category: Consumer Spending, Economy, Psychology, Real Estate

Oil Plunge: Good for Retail, Bad for Earnings?

Category: Commodities, Consumer Spending, Earnings, Investing, Retail

Phantom Rebound in the Housing Market

Category: Consumer Spending, Investing, Markets, Psychology, Real Estate