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

[010101]

..........*

 

[Amo Husserl]

Also 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.

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

when riches meet peer pressure

 

[ORDER_66]

 

[The Intergalactic Koala]

I mean the average billionaire dresses like a 80s sitcom dad, while a broke goofy might as well have a sign on their drip that say's "rob me".

 

[Easy-E]

What is the obssession with making it seem like everyone who makes over 6 figures is some viritius, grounded, fiscally responsible citizen?

Nevermind, all those bullshyt "here's how I started my own glizzy business and retired at 28" ahh Yahoo! Finance stories.

 

[CrimsonTider]

Don't at this mind blowing news.

Rich people buy obscure items, art, expensive pieces of clothing that are 'quiet', watches etc. Its not the same wealth signals we look at like expensive shoes, purses, certain brands of cars etc

If luxury brands depended on the middle class then they would be out of business

 

[MajesticLion]

 

[Lambent55]

Not really shocking, the wealthy are a very small percentage of people.

 

[ORDER_66]

What is the obssession with making it seem like everyone who makes over 6 figures is some viritius, grounded, fiscally responsible citizen?

Nevermind, all those bullshyt "here's how I started my own glizzy business and retired at 28" ahh Yahoo! Finance stories.

exactly these businessmen buy suits that literally cost thousands of dollars tailor made... but they dont report on that do they???

 

[CrimsonTider]

Not really shocking, the wealthy are a very small percentage of people.

Y’all are clueless

 

[xXOGLEGENDXx]

What is the obssession with making it seem like everyone who makes over 6 figures is some viritius, grounded, fiscally responsible citizen?

Nevermind, all those bullshyt "here's how I started my own glizzy business and retired at 28" ahh Yahoo! Finance stories.

I actually know a few people personally that make $100K+ and live paycheck to paycheck. One of them I fronted them for a month of rent.

 

[JNew]

Well considering most the population is middle or poor class it makes sense. You could replace luxury with McDonald’s and the statistics still holds true.

 

[The Guru]

What percentage of the population is lower and middle class economically?

 

[Monoblock]

 

[gho3st]

Don't at this mind blowing news.

Only luxury sht i buy is cars. Everything else i look for discounts