Who Really Buys Luxury Brands? The Surprising Appeal of Status for the Non-Wealthy

In a world where luxury is accessible to many, the lines between wealth and luxury spending have blurred. You might expect the rich to drive luxury sales. But recent studies show otherwise. It’s often middle-class buyers—not the ultra-wealthy—who contribute the most to luxury brands’ success. This trend has interesting roots in psychology, consumer behavior, and …

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