Reply to so who actually shops at Bloomingdales? Stays at 4/5 star resorts for $1000/night?

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Reply to "so who actually shops at Bloomingdales? Stays at 4/5 star resorts for $1000/night?"

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[quote=Anonymous]I would add to the conversation that if you are going to "splurge" it makes much more sense to do it on a one-time expenditure, like a fancy outfit or nice vacation, than a purchase with ongoing expenses like a bigger house, vacation condo, SUV or luxury car that costs a fortune to drive and insure, pool, private school etc...

Assuming you can pay in cash, you don't go broke buying shoes or going on a trip, but people do get into trouble with mortgages, car payments, and tuition they can't afford if they have a drop in income.

I am also curious what percentage of the luxury market is funded by people who get bonuses; I've noticed that friends who get bonuses tend to splurge on things they wouldn't buy if that $ was rolled into their monthly paycheck.

But like anything else, people have their priorities, and some choose to forgo other conveniences or luxuries to be able to afford nice clothing and vacations. Additionally a lot of people checking in to luxury hotels are using credit card points, loyalty points from biz travel, or have a corporate rate that they can use for personal travel as well.[/quote]

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