A Bloomberg survey reveals that many high-income Americans feel financially stretched. Also discussed: hotel costs, Disney's cost-cutting, declining TV viewership, LG's new TV product, and the surprising financial struggles of the wealthy.
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Quick takeaways
Expanding into brick-and-mortar stores can be a successful strategy for D2C companies
Rising costs of education, healthcare, retirement, and housing have blurred the line between rich and financially comfortable
Deep dives
D2C Companies and Brick-and-Mortar Stores
Many direct-to-consumer (D2C) companies, like Parade, have found success by expanding into brick-and-mortar stores, despite the initial expectation to operate solely online. This trend highlights the challenges of the D2C model and the importance of adapting business strategies.
The Cost of Disney's Star Wars Hotel
Disney's decision to close the Star Wars Hotel in Orlando, Florida, comes with a hefty price tag of $250 million. The immersive experience offered by the hotel, complete with themed activities and actors, may have been high quality but unaffordable for many, with rooms starting at $4,800 for a minimum two-night stay.
The Illusion of Wealth for High Earners
A Bloomberg survey revealed that a quarter of the top 10% income earners in the United States, making over $175,000 a year, consider themselves either poor or just getting by. Rising costs of education, healthcare, retirement, and housing have contributed to this perception, blurring the line between what it means to be rich and financially comfortable.
A recent Bloomberg survey revealed that many Americans in the top decile of income earners feel like they’re barely getting by. Plus: the Star Wars hotel fiasco and a Fruit of the Loom acquisition.
Join our hosts Mark Dent and Rob Litterst as they take you through our most interesting stories of the day.
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