Luxury goods boom in Britain as the young, rich and mortgage-free buck the recession

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Rich kids of Insta use strong dollar to fuel sales of high-end brands such as Burberry, Louis Vuitton and Gucci

“During the pandemic, people were selling their Rolexes for 150%, 180% more than the retail cost,” Ison said. “They just don’t have the supply – the big luxury brands are facing the same kind of issues as every other business with supply chains, so you’re getting people who are able to find something at retail, and then sell it online 24 hours later for double.”with sales of items such as a Hermès Himalaya Birkin 30 handbag for $226,180 in 2021.

“People are more incentivised to buy a watch than save up and buy a house,” Ison said. “It gives them opportunities – they’re buying status, that way to level up into whatever crowd they’re chasing. And a watch is easier to sell than a house.”

 

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While living in parent’s basement

. NHS workload is increased when preventive healthcare software does not even measure the factors relevant to the health of those most at risk, such as healthy housing, access to healthy meals, income available for heating and food, serum levels of micronutrients, cortisol. .

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