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https://www.investopedia.com/articles/personal-finance/091115/psychology-behind-why-people-buy-luxury-goods.asp
Jul 18, 2020 · Luxury goods exemplify how irrational we can be. A decent, sturdy handbag can be bought for $50, yet people will still spend thousands on a brand name.
https://knowledge.wharton.upenn.edu/article/conspicuous-consumption-and-race-who-spends-more-on-what/
May 14, 2008 · Fashionable clothes, jewelry, flashy cars…. They are all items of conspicuous consumption that give their owners status on the street. Some groups, such as blacks and Hispanics, seem to spend ...
https://en.wikipedia.org/wiki/Luxury_tax
A luxury tax is a tax on luxury goods: products not considered essential.A luxury tax may be modeled after a sales tax or VAT, charged as a percentage on all items of particular classes, except that it mainly affects the wealthy because the wealthy are the most likely to buy luxuries such as expensive cars, jewelry, etc.It may also be applied only to purchases over a certain amount; for ...
https://www.moneycrashers.com/most-valuable-expensive-types-collectibles/
May 06, 2019 · This category comprises high-performance, luxury cars produced in limited quantities and available to only the wealthiest buyers. Examples include the Bugatti Veyron and the Königsegg Regera. The most expensive car confirmed to be sold at auction was a …
https://slate.com/business/2008/01/a-new-way-of-looking-at-race-and-conspicuous-consumption.html
Jan 11, 2008 · Bill Cosby may be right about African-Americans spending a lot on expensive sneakers—but he’s wrong about why. ... cars, and jewelry). A lot …
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