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Combat post-recession luxury drought by understanding cautious consumers: report

Conspicuous consumption has given way to conscious consumption; image courtesy of Bloomingdale's Conspicuous consumption has given way to conscious consumption; image courtesy of Bloomingdale's

 

The United States may be in a post-recession period, but many of the spending values created during the time have stayed with affluent consumers, causing a hesitancy to spend, according to a report from Unity Marketing.