Monday, April 28, 2008

Survey: Social Networks Attract Affluent Individuals

Thanks to Robyn Greenspan of ExecuNet for passing along the findings of this survey.

According to the latest Wealth Survey from the Luxury Institute, more than 60 percent of wealthy Americans (those with an average income of $287K and net worth of $2.1M) participate in online social networks -- compared with just 27 percent a year ago.

These affluent individuals are most likely members of 2.8 social networks (with roughly 110 connections). Those with even higher incomes belong to more social networks (3.4 on average).

Here are some of the most prominent social networking sites:

ExecuNet is a closed network which allows members to have a direct connection with thousands of senior-level business leaders.

LinkedIn: One of the most popular social networks for professionals.

Facebook: Originally for students, this network has grown to encompass more professional members -- but is still more often used by the Generation X and Y sets than the Baby Boomers.

I just found out about a new social networking service -- Ning -- that I'm experimenting with. I'll let you know what I think about it once I've had a chance to play around with it.

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