Prime Furniture Purchasing Income Groups: Growth in Furniture Buying Population (Households) by Income Group: 2000 to 2012
2014 by in General
Looking at growth patterns for Prime Furniture Purchasing Income Groups between 2000 and 2012, the trends are pretty clear. Household growth lies squarely in the higher end. The number of households with incomes over $75,000 is up 62%, while the number of households making under $75,000 has a flat growth of 0.3%.
Households making over $150,000 saw by far the highest jump in overall population (a cumulative growth rate of 133%). Households making between $75,000 and $150,000 also saw double-digit population growth - rising more than 26%.
The remaining lower income groups all declined from 2000 to 2012. These households dropped from 75% of the total furniture buying population in 2000 to 67% in 2012.
Source: U.S. Census Bureau, Current Population Survey.