Intelligence reports indicate that most of
the purchase of luxury items by the former First Lady was through the Platinum card of the account.
This craving for rich - tasting confections ties in with
the purchasing of luxury items, the sales of which, says Cornell University economist Robert H. Frank in an article for Newsweek, are growing four times faster than the rate of overall spending.
Not exact matches
In their quest to create maximum value, Jad Toubayly and Easa Al Gurg have constructed Idealz as a platform that allows its customers (registered members) to
purchase an
item of clothing or stationery, which also gets them a complimentary ticket into a lucky draw for a
luxury prize.
The authors, previously colleagues at Boston Consulting Group, noted how the growing income gap in the U.S. had created not only a sizeable affluent group able to
purchase higher - quality
items in almost every category but a habit among middle - income consumers
of spoiling themselves on a single category
of luxury purchases they identify with.
However, cardholders who frequently shop at
luxury retail chains like Saks Fifth Avenue are more likely to
purchase high - ticket
items regularly; therefore, it will be extremely difficult to distinguish fraudulent transactions from those
of a legitimate nature, allowing criminals to abuse stolen payment cards and remain undetected for a longer period
of time.
It must be also said that
luxury items are pretty popular in Middle East and there is a higher percentage
of wealthy people who have a strong
purchase power.
Significant instances
of asset accumulation include the
purchase of a house, car,
luxury items, etc. life events like marriages, starting a family is also a part
of personal finance planning which requires personal help.
Maybe that initial joy is caused by a pay raise or the
purchase of a big - ticket
item like a
luxury car, or even a smaller - ticket
item like a leather jacket or the cookware you were convinced would change your life.
Over the past decades, people have been conditioned to want to
purchase the latest models
of many
luxury items regardless
of price, including electronics and clothing, and going into debt to afford these
items was socially acceptable.
This kind
of loan is used for everything from funding an education or financing a new business venture to
purchasing luxury items or taking a lavish vacation.
Should you find a lower price for an eligible
item within one hundred twenty (120) days from the original date
of purchase using your
Luxury Card, you may be reimbursed for the price difference.
It is important to note that certain forms
of debt are considered non-dischargeable, including alimony and child support, recently incurred income taxes, student loans, legal judgments from committing a crime or drunk driving, and
purchases of what are considered
luxury items shortly before the filing
of bankruptcy.
On the other hand, if they
purchase a pair
of Gucci sunglasses that will remain stylish and will last for years, then this
luxury item may be a better value than a mid priced
item of lesser quality.
Half (50 percent)
of the non-homeowners surveyed said they would cut back on dining out, 49 percent said they would cut back on shopping for non-essential
items and 47 percent said they would give up
luxuries in order to be financially able to
purchase their dream home.