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Wealthiest Americans spending more on home improvement

from By Michael J. Berens

Spending on home improvement has been hovering at record levels for the past two years and is expected to remain strong throughout 2017. Affluent Americans, whose wealth has increased considerably in recent years, account for a substantial portion of the market. Recent reports of consumer spending in 2016 indicate that, on average, affluent households spent more on home improvement last year than in previous years. Larger expenditures have become more concentrated among the wealthiest households. more

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