Shocking! Study shows 75% of luxury items are bought by the middle and poor class... not the rich

[horizon]

The Super Bowl was in New Orleans this year. Rest assured it wasn’t anyone making $35k a year that parked their super yachts in the Mississippi River.

 

[In The Zone '98]

If I can't get it off Temu. I can't get it...

 

[Heafcliffe]

Remember vividly, as a financial advisor, how those who had wealth (of all races) kept a very low financial profile. No attraction. No outwardly luxury brands but everything was indeed quality.

 

[Gloxina]

You don’t say!!…



I’m so glad I’m not a keeping up with the Jones’ ass dude…

Still rocking with this fukking iPhone 12 till the wheels fall off LMAO

Man, lemme tell you. When the doctors I worked with when I was a little younger had old ass iPhones while the staff members were running around trying to get the newest thing…I realized we needed to think differently. Now, I keep my phone for a good 4 or so years. No rushing to get a new one. It’s not that serious.

 

[Gloxina]

Remember vividly, as a financial advisor, how those who had wealth (of all races) kept a very low financial profile. No attraction. No luxury brand but everything was quality.

Mmhmm


If you have an eye for it, that’s how you usually can tell who is actually comfortable/doing well. Understated, classic pieces.



Of course there are rich ppl who flaunt their money, too, but for the most part a lot of ppl fly under the radar.

 

[Chrishaune]

The Super Bowl was in New Orleans this year. Rest assured it wasn’t anyone making $35k a year that parked their super yachts in the Mississippi River.

Parking your yacht in the Mississippi???

 

[winb83]

Don't at this mind blowing news.

That's not shocking. Wealthy people don't need to buy luxury brands. You don't get wealthy buying things that depreciate.

 

[$cam-U-Well_Jack$on]

Some of y’all seem upset.

 

[Don Snow]

I know from first hand experience rich people spend a lot money on luxury items.


If you know anyone that works at a high end boutique ask about their client list and they’ll start telling about a bunch of miscellaneous people from doctors to entrepreneurs and lawyers etc these people definitely have a lot of money


They spend it but I can see why the numbers are like that if it is true because there’s simply more people Poor and middle class people in the world

But the rich definitely spend more per shopping trip

 

[™BlackPearl The Empress™]

I hate these IG hip hop 'news' sites.

Some discrepancies:

• Bain mentioned nothing of the lower class, only the middle class ($75k - $150k)
• The middle class is something like 4x the size of the upper class, so it is not totally shocking they would be a greater share of any market
• Luxury brands includes a WIDE variety of lower-luxury brands like Kate Spade and Coach.

But iTsOnSitE wants us to believe that everyone in the projects is walking around with Gucci Belts

This.

They also don't mention who those people are. Asians are the biggest consumers of luxury brands, but somehow that's never gets talked about.

 

[NobodyReally]

The stuff that most rich people buy isn't even advertised. It definitely doesn't have the name all over the item like some cheap marketing billboard. Everytime I see a gucci or coach bag with the name written all over it over and over like a child's drawing, it makes me cringe.

 

[Json]

Luxury isn’t what it was 20 years ago.

Luxury used to mean waiting months for something


Having an ice maker and individual temperature control is priced as luxury

 

[BK The Great]

You can also use trade credit to get newer stuff too. I traded a IPhone 12 and got a 14 along with 50 dollars off with a state wide sale. Look for deals and ways to pay less. Most just don’t know how to shop around either.

 

[The Fade]

nikkas obsessions with buying sections is worse

 

[DJ Paul's Arm]

I remember during reopening of covid, people still getting unemployment/stimulus checks, I was at the Forum Shops at Cesar’s Palace and hella dusty lookin muthafukkas that look like they should be shopping at Walmart, flooded LV, Gucci, Prada etc etc.

I’m talking lines just to get in. People lookin like they just rolled out of bed.