The Psychology Behind Why People Buy Luxury Goods

Luxury goods exemplify how irrational we can be. A decent, sturdy handbag can be bought for $50, yet people will still spend thousands on a brand name. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

My Investopedia | INVESTOPEDIA The Psychology Behind Why People Buy Luxury Goods Luxury goods exemplify how irrational we can be. A decent, sturdy handbag can be bought for $50, yet people will still spend thousands on a brand name. Read More » The Impact of a Fed Interest Rate Hike When interest rates increase, there are effects on the ways that consumers and businesses can access credit and plan their finances. Read More » How to Decide Between Buying or Leasing a Car The decision between leasing or buying a car is not just a financial one. Here's what you need to consider. Read More » 5 Ways to Short Bitcoin For those investors feeling skeptical about Bitcoin, shorting the cryptocurrency is a possibility. Read More » The Best Banks to Stash Your Million Dollars If you're shopping for a private bank, start with your bank and call the private arms of a few others. Ask your financial advisor for help when needed. Read More » The 10 Most Expensive Zip Codes in California California has some of the priciest ZIP codes in the U.S. And these are the priciest in California. Read More » Top 4 Gold Stocks as of July 2018 After solid returns in 2017, gold may continue to shine. These gold stocks are poised to take the lead for the second half of this year. Read More » Microsoft Reports Earnings Under Negative Weekly Chart Microsoft has a market-neutral P/E ratio of 22.18, a so-so dividend yield of 1.70% and a negative weekly chart. Read More » CONNECT WITH INVESTOPEDIA Email sent to: mondemand.forex@blogger.com If you wish to unsubscribe, please click here, or manage subscriptions 114 West 41st St, floor 8 New York NY 10036 © 2018, Investopedia, LLC, All Rights Reserved | Privacy Policy