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| | Luxury Consumers Continue on a Spending Spree in 2005 |
 | | The average amount spent by an affluent household on luxuries, including luxuries for the home, personal luxuries, automobiles and luxury experiences, rose 3.8 percent, to $52,588 in 2005, from $50,640 in 2004. |
 | | Personal luxury spending, on things like luxury apparel, fashion accessories, jewelry and watches, wine and spirits, pet luxuries and pens and desk accessories, rose 5.6 percent to $10,007 in 2005. |
 | | For luxury goods marketers and retailers the challenges for the future are daunting in the face of this trend toward experiences -- Luxury consumers are spending more, in many cases lots more, on life-changing experiences, while their need for luxury goods is waning. |
| www.theautochannel.com /news/2006/01/15/207418.html (1004 words) |
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