Consumer splintering continues:

the wealthiest 10% of households, those earning $250,000 or more, now account for half of all US consumer spending, up from about one-third in the early 1990s

This post also shares that the most defining characteristic of luxury brands and products in the minds of consumers is now “expensive.” Which, of course, distills it down to the essence of its use as a status symbol.

via EMARKETER