Credit Card News

Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » News » Other » Six-Figure Income Households Not Optimistic about Finances in 2013

Six-Figure Income Households Not Optimistic about Finances in 2013

Add to Favorites:

The American Express Spending and Saving Tracker, a survey that was conducted at the end of last year, showed that only 39% of affluent Americans were optimistic about finances going into 2013. That’s an improvement over last year, when only 35% of the respondents who earn $100,000 or more said they had a positive view of the future.

Saving money top priority

More people plan to save money this year than spend it, according to all the survey respondents. Some 57% said that saving money was their first priority in 2013.

Among those who do plan to spend more money this year than last, plans include buying clothes and cars, and traveling and dining. Home improvement was also on the agenda.

Here’s the breakdown of what the money will be spent on by those that plan to spend more:

  • Clothes and accessories – 28%
  • Buying a car – 26%
  • Leisure travel – 26%
  • Home redecorating – 24%
  • Dining out – 19%
  • Entertainment – 19%
  • Buying major appliances – 17%
  • Big home renovations – 11%

Jobs, debt and savings

Only 19% of those surveyed said that looking for a better job this year was a top goal, and 17% said that paying off debt was their most important goal.

Last year consumers saved an average of about $5,900, though they had hoped to save more in the range of $7,600. This year respondents are even more ambitious, planning to save an average of $10,900. Among the affluent population surveyed by AmEx, the goal was even higher – $22,660.

Plans to save money included cutting back on small luxuries like manicures and lattes and banking more money from paychecks and tax returns.

Add to Favorites:

Related News:

Chase Survey Says Working Mothers Prefer a Raise to Time with Family

By Elizabeth Nelson, Posted: January 21, 2013

Working mothers prioritize paying off debt and saving money, according to a survey from Chase and Working Mother magazine. And most would prefer a raise to help with those efforts rather than more time off from work. Continue reading
Spending Picks Up as Consumer Optimism Improves

By Elizabeth Nelson, Posted: April 23, 2013

The latest Chase Blueprint Pulse of the Consumer Survey indicates that consumers are feeling good about their finances and starting to spend more on restaurants, vacations and other things that were on hold as they weathered the ... Continue reading
American Express: Summer Is Going to Cost You if You Have Kids

By Dar Dowling, Posted: July 23, 2013

Parents to spend billions this summer on everything from education to fun, according to the most recent AmEx Tracker. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Unlimited 1.5x rewards on every purchase, every day. For every $1 you spend, you earn 1.5x Miles.
For Excellent, Good Credit
Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.
For Excellent, Good Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit