Despite Looming Recession, The Luxury Industry Is Still ThrivingHeres How Black Consumers Are Driving The Boom

Despite Looming Recession, The Luxury Industry Is Still ThrivingHeres How Black Consumers Are Driving The Boom

Essence Magazine:

By Jasmine Browley· Updated November 1, 2022

Have you ever heard the term revenge spending? It’s the concept that was coined post-COVID-19 lockdown, when after spending so much time at home, people began splurging money on items and experiences.

It looks like this

This post first appeared in Essence Magazine. Read the original article.