David Tinsley, Senior Economist at the Bank of America Institute, and Ashley Wallace, Head of the EMEA Consumer Discretionary Team at BofA Global Research, dive into the latest trends in employment and luxury spending. They discuss the notable wage growth gap between lower and higher income earners, emphasizing challenges for low-income consumers. Meanwhile, luxury spending is experiencing a resurgence, particularly in fashion and jewelry. The guests explore how stock market trends may influence future luxury demand and the resilience of high-income shoppers amidst potential market fluctuations.
