Wealthy Americans Still Splurging on Luxury Despite Economic Uncertainty

Wealthy Americans are still spending big on luxury travel, entertainment, and services despite economic uncertainty.

Strong job market, extra pandemic savings, and high asset values have enabled high-income households to keep shelling out.

Robust spending by the wealthy is making up for pullbacks by lower- and middle-income families.

Demand remains high for luxury retailers, hotels, and travel companies catering to high-end clients.

It's unclear if sustained high-end spending reflects a temporary post-pandemic burst or more permanent shift.