Conference Board Report Shows Americans Have Money to Spend
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Despite reports earlier this month that retail spending is down due to general economic uncertainty and the unusually warm fall weather across the country, a new report by The Conference Board says that more Americans than ever have discretionary income at their disposal. Nearly 73 million U.S. households now have discretionary income, up from about 57 million in 2002. That’s nearly 64 percent of the U.S. population with discretionary income, a 12 percent increase over ’02. The report defines discretionary income as households whose spendable income exceeds that held by households with similar demographic features. Here are some more of the report’s findings.
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