As it turns out, Shullman says the survey's major takeaway is that there is substantial variation in attitudes when looked at through those prisms. Take for instance the way affluent men versus affluent women view their economic prospects for the future. The survey confirms that "men are from Mars and women are from Venus," Shullman says. "Men are super optimistic and are gonna spend more, and women are concerned about the future," he explained. The survey, conducted online between Feb. 26 and March 6, groups respondents' answers into income brackets of $75,000-plus, $250,000-plus and $500,000-plus. Its questions cover such topics as top worries; plans for the next 12 months; shopping behaviors; impact of higher federal tax rates; and luxury shopping patterns. When it comes to tax increases, respondents across the board said higher rates have not affected spending plans for the next 12 months, nor have they changed charitable giving plans.
"The upper-income people are not happy with what's going on
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."