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Insight into why people desire luxury items - status, comfort, self-esteem.

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Insight into why people desire luxury items - status, comfort, self-esteem.

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These articles talk about the different ways in which luxury exists

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These articles talk about the different ways in which luxury exists

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A social phenomenon that refers to the excessive pursuit of wealth and luxury, leading to excessive anxiety and imbalance in material pursuits.

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Discuss how luxury affects economies and the social implications, like wealth disparity.

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to demonstrate wealth and social status by conspicuously flaunting and purchasing expensive luxury goods.

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Luxury goods in ancient civilizations were usually expressed in the form of rare spices, silks, precious metals and gems. Pharaohs, emperors and kings displayed wealth and power through lavish palaces, costumes and jewelry, and luxury goods were seen as both a symbol of wealth.

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Full article: The pursuit of luxury or luxuries? A framework of the past, present, and future of luxury research (tandfonline.com)Links to an external site.

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Concept of Luxury Through the Lens of History | SpringerLinkLinks to an external site.

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How Show Off Culture Is RUINING Your Life

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Shoppers might be tightening their belts, but they are still pumping cash into Hermès handbags. Is demand for luxury goods somewhat recession-proof or simply a lagging indicator? The answer should be clearer later this year.

On Friday, the Paris-listed maker of $10,000 Birkin bags said sales in the first half of this year increased 23% compared with the same period of 2021, and operating margins hit a record high. Demand is strong in all regions, even in China, which was under lockdown for several weeks during the second quarter. As soon as stores reopened, shoppers came back and Hermès sales in mainland China grew at a double-digit pace in June.

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Luxury Brands Send a Confusing Economic Signal

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Consumer confidence is at record lows in the eurozone and isn't great in the U.S., yet demand for expensive handbags and jewelry is off the charts.