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by HWR_14
940 days ago
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It's also a misleading statistic if true. Part of it is that luxury goods have a wide variety of prices. A $100 watch might be classified as a "luxury good" or a $200 pair of earrings. Part of it is it was about buyers, not total purchases or dollar value. The people who stretch to buy a pair of $300 jeans as a Christmas present are on equal footing in that statistic to the people who dress head to toe in Gucci and never wear the same thing twice. So, yeah, 1/5 people buying a luxury good making it the item they splurge on while making under $50,000 is reasonable. |
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