The luxury goods is a booming industry even if during the past pandemic that the world have gone through. And by just looking at the local market here, people are into the luxuries because it gives them that rewarding feeling that they did a good job. So, even during the hard times, higher inflations, recession and such, for as long as there are these hard working feeling that would like to give themselves a luxury, they'd do that. There were even studies that luxury goods have surged during that time and so, it will continue to go on since most economies have recovered but not in our country. Perhaps people have become hungry for luxury items during the crisis. After all, we're all doing well now, until the AI ​​bubble burst, which will likely lead to another crisis (after all, it's not even banks that are investing in it, as in 2008, but governments). Now everyone continues to buy iPhones and expensive clothes, even though these items are no longer the best quality; just look at the reviews. People want to show off, and for them, this is more important than financial freedom. It's a short-sighted decision, but it's their choice. Those luxuries became a status symbol of every person and that's why they're buying it. It's not about the features that they'll get to use by having those but it's a way of increasing their status in the society as how these brands have published and advertised themselves. The problem is that even those who cannot afford it, they're wanting to have it and so even it will cost them a loan they're willing to do it. That's the cost of showing off, wanting to have that chance of bragging to the others that they own these expensive luxuries. While here's me, I don't care about those things because I have no plans of buying them. 
The luxury goods is a booming industry even if during the past pandemic that the world have gone through. And by just looking at the local market here, people are into the luxuries because it gives them that rewarding feeling that they did a good job. So, even during the hard times, higher inflations, recession and such, for as long as there are these hard working feeling that would like to give themselves a luxury, they'd do that. There were even studies that luxury goods have surged during that time and so, it will continue to go on since most economies have recovered but not in our country. Perhaps people have become hungry for luxury items during the crisis. After all, we're all doing well now, until the AI ​​bubble burst, which will likely lead to another crisis (after all, it's not even banks that are investing in it, as in 2008, but governments). Now everyone continues to buy iPhones and expensive clothes, even though these items are no longer the best quality; just look at the reviews. People want to show off, and for them, this is more important than financial freedom. It's a short-sighted decision, but it's their choice. Those luxuries became a status symbol of every person and that's why they're buying it. It's not about the features that they'll get to use by having those but it's a way of increasing their status in the society as how these brands have published and advertised themselves. The problem is that even those who cannot afford it, they're wanting to have it and so even it will cost them a loan they're willing to do it. That's the cost of showing off, wanting to have that chance of bragging to the others that they own these expensive luxuries. While here's me, I don't care about those things because I have no plans of buying them. 

The luxury goods is a booming industry even if during the past pandemic that the world have gone through. And by just looking at the local market here, people are into the luxuries because it gives them that rewarding feeling that they did a good job. So, even during the hard times, higher inflations, recession and such, for as long as there are these hard working feeling that would like to give themselves a luxury, they'd do that. There were even studies that luxury goods have surged during that time and so, it will continue to go on since most economies have recovered but not in our country. Perhaps people have become hungry for luxury items during the crisis. After all, we're all doing well now, until the AI ​​bubble burst, which will likely lead to another crisis (after all, it's not even banks that are investing in it, as in 2008, but governments). Now everyone continues to buy iPhones and expensive clothes, even though these items are no longer the best quality; just look at the reviews. People want to show off, and for them, this is more important than financial freedom. It's a short-sighted decision, but it's their choice. Those luxuries became a status symbol of every person and that's why they're buying it. It's not about the features that they'll get to use by having those but it's a way of increasing their status in the society as how these brands have published and advertised themselves. The problem is that even those who cannot afford it, they're wanting to have it and so even it will cost them a loan they're willing to do it. That's the cost of showing off, wanting to have that chance of bragging to the others that they own these expensive luxuries. While here's me, I don't care about those things because I have no plans of buying them. 

The luxury goods is a booming industry even if during the past pandemic that the world have gone through. And by just looking at the local market here, people are into the luxuries because it gives them that rewarding feeling that they did a good job. So, even during the hard times, higher inflations, recession and such, for as long as there are these hard working feeling that would like to give themselves a luxury, they'd do that. There were even studies that luxury goods have surged during that time and so, it will continue to go on since most economies have recovered but not in our country. Perhaps people have become hungry for luxury items during the crisis. After all, we're all doing well now, until the AI ​​bubble burst, which will likely lead to another crisis (after all, it's not even banks that are investing in it, as in 2008, but governments). Now everyone continues to buy iPhones and expensive clothes, even though these items are no longer the best quality; just look at the reviews. People want to show off, and for them, this is more important than financial freedom. It's a short-sighted decision, but it's their choice. Those luxuries became a status symbol of every person and that's why they're buying it. It's not about the features that they'll get to use by having those but it's a way of increasing their status in the society as how these brands have published and advertised themselves. The problem is that even those who cannot afford it, they're wanting to have it and so even it will cost them a loan they're willing to do it. That's the cost of showing off, wanting to have that chance of bragging to the others that they own these expensive luxuries. While here's me, I don't care about those things because I have no plans of buying them.