Consumer spending remained high while the broader economy slowed, growing just 1.1% in the first 3 months of 2023, according to data released Thursday by US Bureau of Economic Analysis
'There will be more luxury sellers in 2022 than in 2021, and while there will be fewer actual luxury buyers, it is still a seller's market,' the president of Luxury Portfolio International predicts
The latest research from Luxury Portfolio International shows that a new generation of affluent millennials is ready to buy.
Wealth in the U.S. has changed