The IFS says:
The last decade as a whole was characterised by a very poor performance for average incomes. Between 2002–03 and 2009–10, no single year saw an increase in median income of more than 1.0%.
Companies like Netflix Inc. (NFLX), Amazon.com Inc. (AMZN) and Hulu are all capitalizing on the binge-viewing phenomenon. Binge-watching refers to the viewing of televised content for extended spans of time, usually a single television show. While viewers enjoy watching episodes of their favorite TV shows back-to-back, advertisers suffer because video-on-demand (VOD) providers do not want to alienate their viewers by running advertisements.
Wealthy Americans don’t really think that good times are here again for the economy. But they’re going on shopping sprees anyway, with increasing sales seen for luxury hotel stays, high-end automobiles, and more. The 2013 Survey of Affluence and Wealth in America, conducted by American Express Publishing and the Harrison Group, asked 1,416 Americans in the 10% income bracket about their spending habits and lifestyle decisions, as well as their thoughts on the state of the economy. Of those surveyed, the vast majority (76%) believe that the recession hasn’t actually ended.
This is the first post in a series exploring class divides across America's largest cities and metros. Social class, an inescapable presence in American life, influences almost every aspect of our culture. It is inscribed on our very geography. Although our cities are more than ever our most powerful economic engines, they also are becoming more divided along class lines, creating distinct experiences within a given city.