Wealthy American Categorical prospects spend freely, with one exception

American Categorical has lengthy benefited from a concentrate on wealthier prospects who admire the bank card firm’s journey and eating perks. That has helped insulate the corporate from issues over a spending slowdown. Within the second quarter, complete spending on Amex playing cards jumped 7%, matching the primary quarter and better than the 6% enhance … Read more

Why high-earning People don’t really feel wealthy

About 14% of all U.S. households make $200,000 or extra per yr, based on 2023 Census knowledge. However a big wage hasn’t translated to huge account balances for a few of these shoppers — which specialists have dubbed “HENRYs,” or “excessive earners, not wealthy but.” Rising prices, debt and way of life creep can depart … Read more