Wealthy Christmas Holiday ShoppingWith the economy still on life support and jobless rates high, many Americans are planning on tightening their Christmas budgets this year.

Not the super rich, however. Families with discretionary incomes of $250,000 and up plan on boosting their holiday spending by 7% from last year to an average of $2,708, according to a new survey from Harrison Group and American Express.

Those surveyed who make between $100,000 - $250,000 said they plan on spending less this Christmas--even though 29% of those surveyed in that category said that in fact their household income is up over the last year. As for the shaky economy, 84% say they're confident they can handle whatever comes their way.



As for most folks, according to the study, non-affluent consumers surveyed said they plan to spend an average of $558 on gifts this holiday season, with 28% of the general population expecting to spend less on gifts than they did in 2010.





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savemycountry911

The rich don't have enough money to fund Dem out of control spending..............Comrads.

October 10 2011 at 8:55 PM Report abuse rate up rate down Reply
theborn

So, I infer from your article, you believe the "super rich" should not spend more this christmas which means retail stores would make less/no profits, manufacturers in turn would have less income, and fewer workers in both areas would be employed....And if "super rich" qualifies as one making $250,000 per year, then Arianna must be in some unique category and should help out those making under $250....

October 10 2011 at 2:05 PM Report abuse -1 rate up rate down Reply
ADAMP791

Well LAA - D - DAH !! The first ones to cry about everything !! When they have it all !!

October 10 2011 at 1:38 PM Report abuse rate up rate down Reply
gritzsl

Interesting, all the negative votes are directed at anyone that comments that the rich are not evil just smart. That tells me that many peolple that read the comments are basically less than smart and certainly less than rich.

October 10 2011 at 11:58 AM Report abuse rate up rate down Reply
jhooperaa

Evil rich people. We need higher taxes for them so Obama can use the money to buy votes from the unions.

October 10 2011 at 10:58 AM Report abuse -1 rate up rate down Reply
DANIELA

I don't understand why it's only Wall Street and bankers that everyone is upset with. Yes banks did take loans from the government but they were forced to do so......and THEY PAID IT ALL BACK!

If people want more equality, why not complain about ACTORS, BASEBALL/FOOTBALL/BASKETBALL/HOCKEY players!!! Talk about millions of dollars of ridiculous salaries!!!!!!

October 10 2011 at 10:42 AM Report abuse rate up rate down Reply
aniconn

So $250000 is rich now! Watch out people pretty soon the gov't will be coming for your money, i.e. those of you making $200,000 or $150,000 or lower. People in all these brackets make this money from years of study and hard work.

October 10 2011 at 10:37 AM Report abuse rate up rate down Reply
bill

Is super rich an income of $250,000?
I thought it would be much higher.
If super rich is 250,000 then is rich $100,000?
I thought they were talking about people that live in mansions.

October 10 2011 at 10:36 AM Report abuse +1 rate up rate down Reply
magnerlawfirm

You know what would be better than the uber-wealthy getting even uber-wealthier all the time? If they decided to celebrate the birth of the savior by flaunting their wealth. Santa loves him some rich folk.

October 10 2011 at 10:25 AM Report abuse rate up rate down Reply
bchrist751

You people don't have money for a reason....

October 10 2011 at 10:25 AM Report abuse -3 rate up rate down Reply
1 reply to bchrist751's comment
Schoolboy

is that becauae we are not cruel and heartless and will do nothing to take advantage of people in oder for us to earn a decent living? there are alot of us not working through no fault of our own

October 10 2011 at 11:04 AM Report abuse +3 rate up rate down Reply