Good News for Upscale Retailers and Brands: Affluent Consumers Show Optimism for Spending and the Economy in New Survey

In contrast to the March general Consumer Confidence Index of The Conference Board, which fell over 10% to the low levels last seen in Fall 2010, the affluent, who account for about half of all consumer spending, report a better outlook for the economy and their...

The Myth of Luxury Shame: Having More Wealth than Family and Friends Has Had Little Affect on the Spending of the Affluent

In November 2008, Newsweek published an article stating that the American affluent population was “experiencing an unfamiliar emotion:  luxury shame”.  The article, as well as several others that have appeared in various media since then, explained that across...