Table of Contents
Introduction and Abbreviations
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- Introduction
- Other relevant reports
- Definition
- Abbreviations & terms
- Abbreviations
- Terms
Executive Summary
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- One in seven households are high-income
- Most high-income householders are middle-aged whites
- Multiple earners are key to high incomes
- Higher education leads to higher incomes
- Coastal regions are home to more high-income households
- Accumulated wealth rises with income
- Value of financial assets rises sharply at higher income levels
- Non-financial assets are varied
- High-income households are more likely than average to have debts
- Higher incomes lead to higher spending
- Less interest in favoring local retailers
- High-income households are less “price-conscious”
- Shopping venues differ by income
- Internet shopping is popular with high-income consumers
- Travel attitudes and behavior differ by income
- Income is related to differences in travel of older adults
Demographics and Characteristics
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- Introduction
- Household incomes
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- Figure 1: Median household income, 1990-2003
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- Figure 2: Graph: Median household income, 1990-2003
- Figure 3: Lower income limits of top income quintile and top 5%, 1990-2003
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- Figure 4: Distribution of households, by income, 2003
- Figure 5: Graph: Distribution of households, by income, 2003
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- Figure 6: Median household income, by age of householder, 2003
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- Figure 7: Distribution of high-income households, by income, 2003
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- Figure 8: Sources of income for high-income households, 2003
- Characteristics of high-income households
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- Figure 9: High-income households, by age of householder, 2004
- Figure 10: Graph: High-income households, by age of householder, 2004
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- Figure 11: High-income households, by race and Hispanic origin of householder, 2004
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- Figure 12: High-income households, by household type, 2004
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- Figure 13: High-income households, by presence of children, 2004
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- Figure 14: High-income households, by number of earners, 2004
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- Figure 15: High-income households, by educational attainment of householder, 2004
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- Figure 16: High-income households, by region, 2004
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- Figure 17: High-income households, by metropolitan status, 2004
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- Figure 18: High-income households, by home ownership, 2004
Assets and Debts
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- Introduction
- Assets and debts of high-income households
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- Figure 19: Median and mean income and net worth and percent savers, by income percentile, 2001
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- Figure 20: Financial assets, by income percentile, 2001
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- Figure 21: Stock holdings, by income percentile, 2001
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- Figure 22: Non-financial assets, by income percentile, 2001
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- Figure 23: Debts, by income percentile, 2001
Expenditures
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- Introduction
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- Figure 24: Average after-tax income and total average expenditures of high-income consumer units, 2003
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- Figure 25: Graph: Average after-tax income and total average expenditures of high-income consumer units, 2003
- Expenditures of high-income households
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- Figure 26: Expenditures of high-income consumer units, by major expenditure category, 2003
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- Figure 27: Indexed expenditures of high-income consumer units, by major category, 2003
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- Figure 28: Per capita expenditures of high-income consumer units, by major category, 2003
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- Figure 29: Indexed per capita expenditures of high-income consumer units, by major category, 2003
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- Figure 30: Expenditures of high-income consumer units for housing, 2003
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- Figure 31: Expenditures of high-income consumer units for transportation, 2003
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- Figure 32: Expenditures of high-income consumer units for food and beverages, 2003
- Figure 33: Graph: Expenditures of high-income consumer units for food and beverages, 2003
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- Figure 34: Expenditures of high-income consumer units for healthcare, 2003
Shopping
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- Introduction
- Attitudes related to shopping
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- Figure 35: General attitudes about shopping, January-September 2004
- Local stores versus national chains
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- Figure 36: Preference for local stores over chains, by gender, age and race/ethnicity, January-September 2004
- The importance of price
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- Figure 37: Influence of price and incentives on shopping, January-September 2004
- Shopping venues
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- Figure 38: Types of stores visited, January-September 2004
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- Figure 39: Specific stores visited in previous 3 months, January-September 2004
- General merchandise versus specialty stores
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- Figure 40: Reasons for shopping at specialty stores, January-September 2004
- Shopping at “favorite” stores
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- Figure 41: Reasons for shopping at “favorite” stores, January-September 2004
- Internet and catalog purchases
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- Figure 42: Internet use in shopping, January-September 2004
- Purchase incidence: catalogs and online
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- Figure 43: Made purchases through catalogs or the Internet, January-September 2004
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- Figure 44: Made a catalog or Internet purchase, by gender, age and race/ethnicity, January-September 2004
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- Figure 45: Graph: Made purchases through catalogs or the Internet, January-September 2004
- Types of merchandise purchased online
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- Figure 46: Goods and services purchased online, January-September 2004
- Types of merchandise purchased through catalogs
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- Figure 47: Goods and services purchased from catalogs, January-September 2004
- Summary
Travel
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- Introduction
- Attitudes related to travel
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- Figure 48: Attitudes about travel and other cultures, January-September 2004
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- Figure 49: Interest in other cultures and preference for U.S. travel, by gender, age and race/ethnicity, January-September 2004
- Foreign and domestic travel and cruises
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- Figure 50: Domestic and foreign travel and cruise vacations, January-September 2004
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- Figure 51: Domestic and foreign travel, by gender, age and race/ethnicity, January-September 2004
- Regions visited
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- Figure 52: Foreign travel destinations in the last three years, January-September 2004
- Cruises
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- Figure 53: Cruise vacation destinations, January-September 2004
- Resorts
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- Figure 54: Visited any resort, January-September 2004
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- Figure 55: Visited any resort, by gender, age and race/ethnicity, January-September 2004
- Types of resorts visited
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- Figure 56: Types of resorts visited, January-September 2004
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- Figure 57: Types of resorts visited, by gender, age and race/ethnicity, January-September 2004
- Summary
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