This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Tax Changes Aren't Changing the Rich, Survey Finds

One of the other major findings of the survey is that Amazon (AMZN) is now the most popular retailer. It also found that when it comes to travel plans for the next 12 months, domestic travel is preferred over international destinations among the affluent.

"The reality of it is, Amazon sells a lot of luxury goods," Shullman explained. "You can buy a Cartier watch on Amazon. A lot of luxury brands are concerned about what Amazon is doing."

Of the top seven most popular stores identified in the survey, two are online - eBay (EBAY) and Amazon.

According to Shullman, that's because online stores offer convenience and cover a wide spectrum of categories.

"You can buy virtually anything from eBay and Amazon. And when you look at people with money, they have the devices and the opportunity to do it," he says.

As for preferring domestic travel, the affluent are likely concerned about terrorism and the political unrest and uncertainty in many countries around the world right now, Shullman says.

Shullman, who recently founded the Shullman Research Center, has been busy making the rounds with his survey, presenting it to luxury marketing councils in Chicago and New York City.


For the longtime luxury industry insider, few of the survey responses came as a surprise.

What is clear, though, according to the survey, is that if you're a man under 35 with a household income of $250,000 or more, your outlook and attitudes toward the future are very positive.

"My supposition is, if you're under 35 and living in $250,00-plus household -- things are pretty good" Shullman says. "Maybe it's that they haven't hit as many bumps in the road yet. Maybe it's naivete. But if you're making $250,000 a year and you'rw 30 years old, life is pretty good."

2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,031.14 +43.63 0.26%
S&P 500 1,984.13 -1.41 -0.07%
NASDAQ 4,518.9020 -48.6960 -1.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs