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Bad News: Luxury Spending Might go Down the Tubes
12:38 pm, August 12th | by Amy Tennery
Depressing news from the number crunchers today: the people who were buying stuff are all about to stop buying stuff. Okay, well maybe that’s a bit simplistic.
But, according to one report, there was a certain sector of people who were driving the U.S. consumer market. Those people made at least $100,000 and liked shopping at Neiman Marcus (we think) and they were buying even when everyone else wasn’t. But now they’re about to stop. And this is a really big problem.
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