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Less Is More: Redefining the Luxury Goods Market - Knowledge at Wharton
![Inflation is making luxury handbags 'unaffordable to an aspirational buyer](https://jingdaily.com/wp-content/uploads/2022/11/242573947_4479531425434821_4480608576301882450_n-1240x698.jpg)
Luxury Gets More Unaffordable As Prices Hike During Crisis, Inflation, And Looming Recession
![Inflation is making luxury handbags 'unaffordable to an aspirational buyer](https://www.ipsos.com/sites/default/files/styles/main_image_960x385/public/ct/publication/2023-07/ipsos-flair-france-2023-luxury-banner.jpg?itok=KoWdg6N1)
Why is luxury outpacing inflation?
![Inflation is making luxury handbags 'unaffordable to an aspirational buyer](https://cloudfront-eu-central-1.images.arcpublishing.com/businessoffashion/MTGIX7AIHVD7FGEZZMJKJSCK2E.jpg)
Where Did Luxury's Aspirational Shoppers Go?
![Inflation is making luxury handbags 'unaffordable to an aspirational buyer](https://images.livemint.com/img/2022/11/06/600x338/US_Consumers_1667740027946_1667740028185_1667740028185.jpg)
Inflation, recession fears have some holiday shoppers trading down
![Inflation is making luxury handbags 'unaffordable to an aspirational buyer](https://cdn.i-scmp.com/sites/default/files/styles/768x768/public/d8/images/canvas/2022/09/26/d3f6c5a3-045b-4388-8e2d-a4bd7a2fcc42_f7453b07.jpg?itok=iHEsEdXm)
Why Birkins are still hot property despite inflation: as Hermès looks to raise prices by up to 10 per cent, can luxury brands like Gucci, Dior and Chanel do the same and
![Inflation is making luxury handbags 'unaffordable to an aspirational buyer](https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2023/08/03/e991c034-1a08-452a-b743-4c2ec6c31d8d_db1ccee4.jpg)
How LVMH plans to reattract 'aspirational' luxury shoppers: the US consumer is thinking twice about spending amid high inflation – but don't expect discounts from the fashion giant behind LV and Dior
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Quiet luxury may be Americans' most expensive trend to date
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Would you pay £13,000 for this bag?, The Independent