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From Home Furnishing Business

FastFact: The Wealthiest Grew Income by 11% in 5 Years

The wealthiest 5 percent in the U.S. maintained a steady growth rate for the five years between 2007 and 2012.

Furniture Insights: July Orders up 4 Percent

New orders from furniture retailers rose 4 percent in July compared with the same month last year, according to the latest Furniture Insights survey.

FastFact: Middle Class Continues to Get Squeezed

The middle class continues to get smaller.

FastFact: Furniture Spending Rebounds Since 2009

The recession, at its peak in 2009, had a negative impact on furniture buying, according to figures from the U.S. Department of Labor and Impact Consulting Services. 

FastFact: Top Income Tier Spends Double on Furniture than Next Group

As expected, higher income households tend to spend more on home furnishings than those in lower income brackets.

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.

FastFact: Baby Boomers Expected to Increase Households

Over the next six years, the 55-to-64-year-old age group will continue to grow and will continue to increase in the number of furniture buying households.

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