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RE: LeoThread 2025-02-08 08:07

in LeoFinance8 months ago

Part 5/9:

Additionally, high youth unemployment rates have emerged as a significant barrier to luxury consumption. Many of the aspirational young professionals who previously drove luxury sales are now facing difficult job prospects, causing a reduction in their spending on luxury goods. Recent data reveals that this demographic’s unemployment rate surpasses the national average, further complicating the market landscape.

The Shift in Consumer Preferences