From Home Furnishing Business
FastFact: Higher Income Groups Make Household Gains
The growth in households over the 12-year period of 2000 to 2012 has been primarily among people making more than $75,000 a year.
Between those years, households with incomes greater than $75,000 were up 62 percent from 2000. On the other end of the spectrum, those making less than $75,000 a year were mostly flat at 0.3 percent.
The $150,000 annual income household group experienced the highest increase compared to the rest of the population. The overall growth rate for this group over the course of 12 years was 133 percent.
All of the lower income groups experienced a decline in household growths over the 12-year period. These households started out at 75 percent of the total furniture buying population in 2000, and by 2012 these groups held 67 percent of the buying population.
This week’s FastFact can be explored online.