A Fresh Look at High-Net-Worth Spending and Saving
By Leo Almazora — InvestmentNews, October 14, 2024
InvestmentNews profiled findings from Long Angle’s 2024 High-Net-Worth Income & Spending Report, which surveyed younger affluent households to analyze saving, spending, and income composition.
The article notes that Long Angle’s respondents save 63% of their after-tax income—averaging $621K per year—and that spending levels flatten once income exceeds $1 million or net worth surpasses $25 million. Housing ranked as the top expense category, followed by vacations and childcare.
