As Trend Agitator tracks the future of global luxury, we note this definitive identity of high-worth consumers as provided by the Luxury Institute:
The top 10% wealthiest U.S. Households based on Net Worth
11 million households who can choose to live a 360-degree luxury lifestyle
Own 70% of all the wealth in the U.S.
Average net worth of $3.1 million
Average annual income of $256,000
Earn 45% of the aggregate annual income in the U.S.
For most luxury goods and services firms, these are the 20% or less of the clients who deliver 80% of the profits.