Shocking! Study shows 75% of luxury items are bought by the middle and poor class... not the rich
- Thread starter valet
- Start date
Thats the game. And these brands dont even have to advertise like that. You never see commercials or billboards. Just count on your favorite artists to rap/sing about it and/or wear it on screen and the red carpet.
That said, how we accounting for the folks that technically have no income, as its all illegal?
That said, how we accounting for the folks that technically have no income, as its all illegal?
You know what they say about an idiot and their money. You can literally show ppl a picture of steve jobs in a black turtle neck and his new balance and they'll be like that turtle neck cost 15k tho.
bourgeoisie tall freak
Superstar
well when rich people make up like 5% of the population, of course their consumption is not going to reach the level of the remaining 95%
its maths.
its maths.
75% 
yeah right
yeah rightAlso a great book on the subject.
Old Money and New Money also operate differently.
Also New Money may not always be accepted into Old Money. New Money tries to subvert Old Money.
www.penguinrandomhouse.com
Old Money and New Money also operate differently.
Also New Money may not always be accepted into Old Money. New Money tries to subvert Old Money.
Status and Culture by W. David Marx: 9780593296707 | PenguinRandomHouse.com: Books
"Subtly altered how I see the world." —Michelle Goldberg, New York Times “[Status and Culture] consistently posits theories I'd never previously considered that instantly feel obvious.”...
www.penguinrandomhouse.com
sayyestothis
Free the guys
Never understood the dude in my town house community when I was broke driving his escalade but living in a bs neighborhood.
Ur shyt gotta match ur home.
Ur shyt gotta match ur home.
UpAndComing
Veteran
And how did the "its_onsite" Instagram account conduct this study
On way they can do it is the Zip Code of the Credit Card account, and the average household income demographics of that Zip Code
Over 20 years ago when i was in college worked at the bel air country club my freshman year
Seeing all this wealthy white money come in and yeah there was the nice cars but the outfits they wore ladies and men was the average department store brand but like @ViShawn said it was all about art , vases, statues, etc etc
Meanwhile i go back to Inglewood or vist Compton or Long Beach my people was name brand from head to toe, updated cellphone at the time, jewelry iced out,, but accounts was looking funny
Seeing all this wealthy white money come in and yeah there was the nice cars but the outfits they wore ladies and men was the average department store brand but like @ViShawn said it was all about art , vases, statues, etc etc
Meanwhile i go back to Inglewood or vist Compton or Long Beach my people was name brand from head to toe, updated cellphone at the time, jewelry iced out,, but accounts was looking funny
Honestly i think everyone in here is reading this information the wrong way.
The wealthy are the top 1% of the population but they are still responsible for 25% of the luxury brand purchases. That means they still buy more of this stuff per household than everybody else.
"It's not rich people doing the most."
Actually this means that technically rich people still are doing the most.
The wealthy are the top 1% of the population but they are still responsible for 25% of the luxury brand purchases. That means they still buy more of this stuff per household than everybody else.
"It's not rich people doing the most."
Actually this means that technically rich people still are doing the most.
Dumb ass nikkas don’t know how numbers work.
There’s 99% more poor people than rich people in the country why wouldn’t they be buying the most stuff
There’s 99% more poor people than rich people in the country why wouldn’t they be buying the most stuff
Concrete gets wet when it rains. More at 11.
They buy luxury items, there’s levels to everything.
Elon was buying McLarins in his 20s, now he buys Presidents.
