Executive Briefings

American Express Survey Finds Optimism as We Move Into 2013

The latest American Express Spending and Saving Tracker reported that 39 percent of Americans are optimistic going into the new year, compared to 35 percent who said so going into 2012. Ten percent report they are "unconcerned" going into 2013, compared to 6 percent who said they were "unconcerned" a year ago.

The Amex survey found that:
* 8 percent plan to buy a house in 2013
* 17 percent plan to buy a major household appliance
* 11 percent plan significant home renovations

Amex said consumers hope to save more in 2013, but also plan on doing some spending. More of them plan to boost spending on leisure travel (26 percent going into 2013, up from 22 percent going into 2012) and hope to spend more on clothes and accessories (28 percent going into 2013, up from 23 percent), home redecoration (24 percent going into 2013, up from 23 percent), dinners out (19 percent, up from 14 percent), and entertainment (19 percent, up from 14 percent).

Read Full Article

The Amex survey found that:
* 8 percent plan to buy a house in 2013
* 17 percent plan to buy a major household appliance
* 11 percent plan significant home renovations

Amex said consumers hope to save more in 2013, but also plan on doing some spending. More of them plan to boost spending on leisure travel (26 percent going into 2013, up from 22 percent going into 2012) and hope to spend more on clothes and accessories (28 percent going into 2013, up from 23 percent), home redecoration (24 percent going into 2013, up from 23 percent), dinners out (19 percent, up from 14 percent), and entertainment (19 percent, up from 14 percent).

Read Full Article