Oct 26, 2009

Look up "luxury" in the dictionary and you'll find a passage defining it as "something adding to pleasure or comfort but not absolutely necessary." With economic conditions compelling even affluent consumers to pay more heed to what's "absolutely necessary," how is the appetite for luxurious "pleasure or comfort" holding up? Survey data on the attitudes of affluent consumers, plus the observations of people in the business of tracking their thinking, point to a market that faces a wealth... More