Even the affluent are starting to feel the pinch. That’s what the latest survey of Affluence & Wealth in America by American Express Publishing and Harrison Group, an annual survey taken of the 10% of American families who are considered affluent and wealthy. Over 71% of those surveyed America’s said that the current economic situation, especially the real estate and banking crisis has affected their sense of financial security. In fact, 6 out of 10 of those surveyed said they are worried about running out of money. So, what’s this say about designer fashion and high street couture? “The economic difficulties of the past year have begun to significantly change the way America’s most financially successful families view their future,” said Jim Taylor, vice chairman of the Harrison Group, of the survey. “The affluent and wealthy, who account for 50% of U.S. consumption, are becoming more thoughtful, getting on top of their spending and worrying more about the future of their children. Nearly half of our respondents are owners of or senior officers in American businesses, so we expect the growing caution to spill over into capital and human resources decisions.” Uh oh! It just gets worse and worse!! Looks like even the uber wealthy may soon turn to designer knockoffs.

*Emilio Pucci gets knocked off by Nine West.

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