News Brief


A story that ran last week on American Express and Harris Group's study on shopping habits of affluent Americans incorrectly suggested that 10% of the U.S. population makes $352,000 in discretionary annual income.

In fact, the study surveyed some 1,800 individuals with a household discretionary income of $100,000 and above who represent the 10% of the U.S. population, or approximately 12 million households, whose discretionary income averages $352,000 per year.

--Karl Greenberg

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