The global luxury market contracted for the first time in 15 years in 2024, with "aspirational" consumers tightening their belts amid economic angst.

Prada, Gucci, Louis Vuitton, Chanel... have closed their stores in the Asian country due to the collapse of their sales due ...

The luxury bubble bursts with a 2% market drop in 2024 as middle-class shoppers abandon high-end purchases amid economic woes. Mariya B : Pexels The global luxury market, once buoyed by middle ...

Not long ago, buying a new vehicle wasn’t a big strain for middle-class families. It was a reward for working hard, budgeting ...

Tension: The middle class seeks luxury to signal success, while the truly wealthy often avoid overt branding, creating a paradox of perception versus reality. Noise: Social media spectacle ...

For many less fortunate families, this type of home feels more like a luxury. For many, a one-story rental or a smaller space might be all they can afford. To the middle class, it’s a staple ...

according to the Wall Street analysts at Bernstein -- luxury labels are finding themselves at risk of alienating the middle class. Kering label Gucci's decor and lifestyle gifts this season ...

Here are a few used luxury cars the middle class should steer clear of, based on the latest iSeeCars data. The Jaguar I-PACE leads the list of worst depreciators, losing a staggering 72.2% of its ...

The 2020s echo the midcentury as brands remodel luxury for a drifting middle class amid rising costs and fading trust.

The luxury market is losing a big customer: middle-class shoppers with money to burn. After years of YOLO spending during the pandemic era, middle-income households—defined by Pew Research ...