Research
April 11, 2023
As challenging macroeconomic factors take on the market, wealthy consumers are providing shelter from the storm. Image credit: Luxury Institute
By Emily Iris Degn
Consulting firm Luxury Institute is out with its latest White Paper report indicating that while the market faces a year of challenges ahead, ultrawealthy consumers are to remain resilient.
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","iv":"7a3c98fc5c6166d931cdc780e7536851","s":"587c9427ebc859f4"}
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