<![CDATA[US: Luxury Consumers Personal Confidence Rises in Fourth Quarter along with Spending
Luxury consumers’ confidence was mixed at the end of 2004 and beginning of 2005. While luxury consumers (average income $136.5k) felt positive about their personal financial status and spent more on luxuries in the fourth quarter 2004, they expressed strong doubts on the financial well-being of the economy as a whole, according to the latest statistics compiled by Unity Marketing.
Luxury consumers’ conflicting feelings held down the Luxury Consumption Index to 95.6 points for the fourth quarter 2004. That represents a .4 decline from the third quarter and a 7.1 point drop from 2004’s high of 102.7 at the end of the second quarter. The Luxury Consumption Index, compiled by Unity Marketing, measures the luxury consumers’ feelings and attitudes about their financial well-being.
You the answer President Bush will have, don’t you? More tax cuts for the wealthy!
We give and give to these people, yet we must do more to help the top one percent….]]>