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

[valet]

Don't at this mind blowing news.

 

[2 one 3]

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

 

[Scustin Bieburr]

Quiet luxury - Wikipedia

en.m.wikipedia.org

 

[Mandarin Duck]

And how did the "its_onsite" Instagram account conduct this study

 

[Turtle]

shyt could never be me. 10 years later yall sitting in a 1 bedroom with a closet full of shyt that dont fit

 

[tuckgod]

 

[feelosofer]

I just remember how defensive dudes got when I say rich people don't go out of their way to buy luxury items like that.

 

[VegetasHairline]

What exactly am I supposed to do with this information?

 

[Canada Goose]

I don't believe this....

 

[acri1]

I don't believe this....

I do outside of people who are "new money" or celebrities, most people who are actually wealthy don't go out of their way to stand out

 

[GatorStaceyAdams]

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

 

[TRUEST]

Us supremely rich barons like to be clever when we endeavor on adventures of splurges.

 

[skyrunner1]

How is that even possible

 

[Elim Garak]

I don't think that number is correct, but we know people buy things they can't afford. If they didnt the economy wouldn't work well.

 

[BK The Great]

Budgeting is key to everything. There’s brand names you can buy for cheap too. Not to mention there’s thrift stores you can go to as well. No need to buy the newest phone or sneakers. Don’t follow trends either. Everything eventually goes down in price.