High-income Households - US - March 2005

INTRODUCTION AND ABBREVIATIONS
Introduction
Other relevant reports
Definition
Abbreviations & terms
Abbreviations
Terms
EXECUTIVE SUMMARY
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
Introduction
Household incomes
Figure 1: Median household income, 1990-2003
Figure 2: Graph: Median household income, 1990-2003
Figure 3: Lower income limits of top income quintile and top 5%, 1990-2003
Figure 4: Distribution of households, by income, 2003
Figure 5: Graph: Distribution of households, by income, 2003
Figure 6: Median household income, by age of householder, 2003
Figure 7: Distribution of high-income households, by income, 2003
Figure 8: Sources of income for high-income households, 2003
Characteristics of high-income households
Figure 9: High-income households, by age of householder, 2004
Figure 10: Graph: High-income households, by age of householder, 2004
Figure 11: High-income households, by race and Hispanic origin of householder, 2004
Figure 12: High-income households, by household type, 2004
Figure 13: High-income households, by presence of children, 2004
Figure 14: High-income households, by number of earners, 2004
Figure 15: High-income households, by educational attainment of householder, 2004
Figure 16: High-income households, by region, 2004
Figure 17: High-income households, by metropolitan status, 2004
Figure 18: High-income households, by home ownership, 2004
ASSETS AND DEBTS
Introduction
Assets and debts of high-income households
Figure 19: Median and mean income and net worth and percent savers, by income percentile, 2001
Figure 20: Financial assets, by income percentile, 2001
Figure 21: Stock holdings, by income percentile, 2001
Figure 22: Non-financial assets, by income percentile, 2001
Figure 23: Debts, by income percentile, 2001
EXPENDITURES
Introduction
Figure 24: Average after-tax income and total average expenditures of high-income consumer units, 2003
Figure 25: Graph: Average after-tax income and total average expenditures of high-income consumer units, 2003
Expenditures of high-income households
Figure 26: Expenditures of high-income consumer units, by major expenditure category, 2003
Figure 27: Indexed expenditures of high-income consumer units, by major category, 2003
Figure 28: Per capita expenditures of high-income consumer units, by major category, 2003
Figure 29: Indexed per capita expenditures of high-income consumer units, by major category, 2003
Figure 30: Expenditures of high-income consumer units for housing, 2003
Figure 31: Expenditures of high-income consumer units for transportation, 2003
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
Figure 34: Expenditures of high-income consumer units for healthcare, 2003
SHOPPING
Introduction
Attitudes related to shopping
Figure 35: General attitudes about shopping, January-September 2004
Local stores versus national chains
Figure 36: Preference for local stores over chains, by gender, age and race/ethnicity, January-September 2004
The importance of price
Figure 37: Influence of price and incentives on shopping, January-September 2004
Shopping venues
Figure 38: Types of stores visited, January-September 2004
Figure 39: Specific stores visited in previous 3 months, January-September 2004
General merchandise versus specialty stores
Figure 40: Reasons for shopping at specialty stores, January-September 2004
Shopping at “favorite” stores
Figure 41: Reasons for shopping at “favorite” stores, January-September 2004
Internet and catalog purchases
Figure 42: Internet use in shopping, January-September 2004
Purchase incidence: catalogs and online
Figure 43: Made purchases through catalogs or the Internet, January-September 2004
Figure 44: Made a catalog or Internet purchase, by gender, age and race/ethnicity, January-September 2004
Figure 45: Graph: Made purchases through catalogs or the Internet, January-September 2004
Types of merchandise purchased online
Figure 46: Goods and services purchased online, January-September 2004
Types of merchandise purchased through catalogs
Figure 47: Goods and services purchased from catalogs, January-September 2004
Summary
TRAVEL
Introduction
Attitudes related to travel
Figure 48: Attitudes about travel and other cultures, January-September 2004
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
Figure 50: Domestic and foreign travel and cruise vacations, January-September 2004
Figure 51: Domestic and foreign travel, by gender, age and race/ethnicity, January-September 2004
Regions visited
Figure 52: Foreign travel destinations in the last three years, January-September 2004
Cruises
Figure 53: Cruise vacation destinations, January-September 2004
Resorts
Figure 54: Visited any resort, January-September 2004
Figure 55: Visited any resort, by gender, age and race/ethnicity, January-September 2004
Types of resorts visited
Figure 56: Types of resorts visited, January-September 2004
Figure 57: Types of resorts visited, by gender, age and race/ethnicity, January-September 2004
Summary