Yahoo Finance Don’t Waste Your Money on These 10 Luxury Brands
The pandemic changed the spending habits of many Americans who were suddenly hit with significant hardships. Tens of millions of people lost their jobs due to the COVID-19 crisis and the resulting economic fallout. However, while many businesses were forced to close up shop permanently and countless others are still recovering, the world’s biggest luxury brands not only survived, but thrived, during this turbulent period in time.
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“2021 and 2022 were blockbuster years for the luxury industry,” says Lauren Sherman, fashion correspondent at Puck News. “The biggest years they’ve ever had — ever.”
The lure of the luxury brand is a powerful one indeed, but for those not in a position to buy chic goods, the fleeting but intoxicating feeling of superiority can turn into resentment and guilty debt quickly. Some expensive products are works of art in themselves and some things are simply crafted better than others, but most ego brand goods have enormous price tags that far exceed what the average consumer is getting in return.
Before you invest your hard-earned money, take the time to consider purchases that truly fit your lifestyle and budget rather than those that rely more on hype and name brand status. Here are 10 luxury brands you should avoid wasting money on.
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This article originally appeared on GOBankingRates.com: Don’t Waste Your Money on These 10 Luxury Brands
