A pedestrian carries a Louis Vuitton shopping bag in San Francisco in September 2021. Higher prices and geopolitical concerns may soon slow demands for luxury goods.
Mandatory Credit: David Paul Morris/Bloomberg/Getty Images
Stories this photo appears in:
Even rich people may need to rein in spending as the global economy wavers
Are upper middle class and affluent shoppers starting to feel the pinch from higher prices and geopolitical concerns? If so, what does that mean for the rest of American consumers?
