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Despite market improvement, frugality reigns among upscale consumers, study claims

Posted ByKaitlyn BonnevilleOn In Featured,Industry sectors,Marketing,News,Research | No Comments
Despite an improved economy, luxury spending is down for the rest of the year

 

By Kaitlyn Bonneville

Affluent consumers are six times more likely to cut back  as they are to spend more on pricey luxury products and services through the end of the year, according to the Luxury Institute.