Affluent US Consumers Are Thrifty, Not Spendthrifts With this year's political campaigns featuring daily denunciations of "the 1%," it is easy to imagine US affluents lounging on yachts while plotting their next ostentatious purchase. As a reality check, this brief offers a reminder that upper-income people in the US tend to be careful with their money and are unlikely to do a lot of splurging on major luxuries.
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