Quote
Cartier’s Atlanta store used to make a six-figure sale once a quarter; today it averages one such sale a month.
Metro area households with $1 million or more in investable assets are expected to soar to more than 102,000 households by 2011.
Because personal incomes in Georgia continue to grow faster than home prices (6.3 percent increase in incomes last year versus a less than 5 percent hike in home prices), much of the money could go directly into the economy in the way of spending. From super-luxe new condominiums such as The Mansion on Peachtree and The St. Regis hotel and residences to a super-sized Neiman Marcus at Lenox Square to new banks, businesses are wasting no time capitalizing on the trickle-down.
Metro area households with $1 million or more in investable assets are expected to soar to more than 102,000 households by 2011.
Because personal incomes in Georgia continue to grow faster than home prices (6.3 percent increase in incomes last year versus a less than 5 percent hike in home prices), much of the money could go directly into the economy in the way of spending. From super-luxe new condominiums such as The Mansion on Peachtree and The St. Regis hotel and residences to a super-sized Neiman Marcus at Lenox Square to new banks, businesses are wasting no time capitalizing on the trickle-down.
Economy will undergo eye-popping change - ABC
Growth rate of rich households will lead nation - ABC
