Add a New Bears Reason Concept: Luxury Consumption Headline: (100 character max) Analysis: Cancel 0% agree 0 votes edit Aspirational Consumers Cut Back Spending in Recession Top Contributor: Shawn Woodhull | Last edited on 02/27/09 | Edit | History During the recession middle-class consumers cut back on luxury purchases (aspirational purchases that are above their standard budget), leading to a decline in sales of luxury goods. (100 character max) Cancel

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