The new emerging luxury consumer has redefined the luxury market. This group’s influence on modern consumerism is highlighted by their sensibility and affinity for exclusive brands, proving that luxury transcends income levels – it is about quality, uniqueness, and ultimately achieving a certain lifestyle. Sotheby’s International Realty Affiliates LLC has presented this luxury report, “Global Affluence: The Emerging Luxury Consumer,” which examines the confidence, spending habits and purchasing interests of emerging luxury consumers from around the world.The report, which is based on a survey that focused on luxury consumers in the United States, United Kingdom, India, United Arab Emirates and China, found that this emerging luxury consumer demographic is confident when it comes to their personal economy and the economy of their respective countries.
CONSUMER CONFIDENCE
Emerging luxury consumers are defined as those with $250K USD – $1M USD in investable assets; they are on the cusp of attaining traditional wealth status.
CONSUMER CONFIDENCE
Emerging luxury consumers are defined as those with $250K USD – $1M USD in investable assets; they are on the cusp of attaining traditional wealth status.
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