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Advertising Age Article Abstract

As the Wealthy Splurge, Overall Spending Jumps

Consumer Purchasing Increases 6.9%, the Most Dramatic Boost Since 2000

By: Bradley Johnson
Published: January 15, 2007

LOS ANGELES (AdAge.com) -- Consumer spending keeps surging as the rich keep splurging. Consumer spending on goods and services last year jumped 6.9%, according to Bureau of Economic Analysis data. That figure, which compares annualized, seasonally adjusted third-quarter spending vs. 2005, marks the biggest growth since the bubble year of 2000. ...

Full Article Word count: 751

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