Study: Luxe Loses Luster for Wealthy

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NEW YORK Fears about personal finances are bubbling over to America’s richest, says a new survey by American Express Publishing and researcher Harrison Group, whose findings bode ill for the already-softening luxury advertising category.
 
The survey, conducted Sept. 19-23 among 614 consumers with an annual household income of $100,000-plus — the top 10 percent of America’s families — asked how the market turmoil was affecting respondents’ spending plans. It supplements earlier ones by the two companies in December 2007 and April and June this year.
 
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