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The rich spend on luxury and travel despite inflation: ‘The higher-end consumer is in pretty good shape’
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fnlondon.comWhen the going gets tough, the tough go shopping.
That sentiment has long underpinned US fiscal might, as consumer spending has fuelled growth for decades and remains the major driver of the nation’s gross domestic product.
No wonder then that the financial health of shoppers is in sharp focus now, amid the Federal Reserve‘s bid to tame inflation without...
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