Articles for August 29th, 2007
Grape News?
This just in:
Popular local chef Brian Luscher who gained acclaim at Greenville Avenue landmark The Grape has left his current position at TPC Craig Ranch where he was named 2007 Avid Golfer Best Private Club Chef in the Metroplex. Rumor has it a Grape reunion might be in the works. Stay tuned….
Welcome To The New Affluence
Great presentation today by Don Winter of The Harrison Group, a high-end market research company who helped American Express figure out their customer’s spending habits and profit from that very valuable knowledge. Focusing on the top five percent in America, I learned that — are you ready for this — the top 5% in America control $32 trillion in spending dollars. Trillion as in T. To spend. The wealthy in America can be divided into three basic groups: the Affluent, who have a discretionary income (after mortgage and taxes paid, just pure fun spending) of $125 to $249K per year to fritter away, to the Super Affluent, who have $250K to $499K to fritter, and the Wealthy — half a million plus as discretionary income. Let me tell you what I learned about these folks and why you should pay attention:
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