Wealthy consumers in the US are less confident about their future luxury spending than their counterparts in China, according to a new report. Photo; Bloomberg
Wealthy shoppers in China more confident in luxury spending outlook than US counterparts: report
- More Chinese luxury spenders see themselves maintaining or increasing their luxury spending over the next 12 months compared to those from the US, report says
- US big spenders have mostly splurged on alcohol, dining and hotels during the pandemic, with the Chinese preferring beauty and consumer electronics
Wealthy consumers in the US are less confident about their future luxury spending than their counterparts in China, according to a new report. Photo; Bloomberg
