Middle Class Squeezed Out of Luxury Brands as Prices Soar
-
Mercedes-Benz and BMW are becoming unaffordable for middle class families as prices have risen 30-50% in recent years.
-
Tesla cars typically cost between $40,000-$95,000 which is already out of reach for most middle income households.
-
Dyson products like vacuums continue to increase in price, making it harder for middle class families to justify the cost.
-
Luxury clothing retailers like Saks Fifth Avenue are drifting further out of affordability as items cost $200-$1,000.
-
Apple and Samsung tech products are at higher price points that may become unattainable for middle class buyers as costs rise faster than wages.