Re: luxury spending

[Doug Henwood]

Forstater, Mathew wrote:

>Does anyone know how luxury consumption/spending has been doing 
>recently?  Have those who are fairly economically secure been taking 
>advantage of low interest rates, etc, or has the supposed 'wealth 
>effect' been overpowering that, etc? Thanks. leads to data would be 
>appreciated also. Mat

Here's one fun measure: 
.

Doug

luxury spending

[Forstater, Mathew]

Does anyone know how luxury consumption/spending has been doing recently?  Have those 
who are fairly economically secure been taking advantage of low interest rates, etc, 
or has the supposed 'wealth effect' been overpowering that, etc? Thanks. leads to data 
would be appreciated also. Mat