Unity Marketing's look at the five most important trends for marketers targeting the U.S. affluent customer in 2015
2015 is shaping up to be a challenging year for luxury marketers, following last year, which wasn't particularly bright for luxury brands worldwide. Newly-affluent Chinese consumers cut back on luxury indulgences, and affluents in many Euro countries were impacted by a downturn in macroeconomic forces. Japan, the world's number two market for luxury, remains caught up in a long-standing recession, which only deepened at the end of 2014. And, while the U.S. economy looks stronger on paper, the Bureau of Economic Analysis, the government agency that calculates the GDP, just reported that consumer spending declined by .3% in December, despite reported growth in personal income and disposable income. That means one thing: consumers are saving their gains, rather than spending them.