Luxury Fashion Is For Broke People

Rich people don't actually buy designer brands, the poor do. Luxury fashion brands have secretly targeted the middle class for over a decade, getting people to overspend on Gucci belts, Louis Vuitton bags and other flashy goods.

The CEO of LVMH, Bernard Arnault became the richest person alive with over $200 Billion Net Worth. LVMH is now the largest fashion company in the world, and they got there by ripping off regular folks like you and me.

[RaisedMedia]

To be clear, the rich often still do wear items with the logo all over it. Everyone has their own style. The point is that these luxury items are no longer exclusive to the rich, in fact many luxury brands make up over half their revenues from the middle class! Nobody is judging you for wearing what you like, the point is that these brands have benefited from significant growth by targeting those in the middle and lower class. These luxury items are now engrained into our culture as status symbols of financial and social security and for many, have become essential to own.

[merrywalsh]

The rich are not like you or me. They compete among themselves with yachts, jewels, art, travel and homes. Meanwhile, we are on the subway or in the bus with our prized Louis Vuitton. 😂

[MusicMike]

Going to bed knowing your bank account has enough money to pay all your bills for the next six months feels a lot better than any attention for a luxury label

[robertstraw]

“Buying things you don’t need, with money you don’t have to impress people you don’t even like. It’s the American way.” - George Carlin

[steffenrosmus]

The richest guy I knew, a former MS vice president, looks like a ordinary man, wearing worn jeans and sneakers, driving a rusty 2004 Toyota Hilux. He is sponsoring some 10 food banks in his city, financing 25 guys snd gals from underprivileged families a university degree and does not talk about that. We need more of guys like him.

[nicolaszamudio]

As someone who owns a home and is middle class I must say: not having a landlord is a luxury I could never give up

[yugorisfriwan]

A simple mantra i always use when i buy thing is "if noone ever saw me or knows i own it, would i still buy it?" This simple question has saved me a ton of money throughout my life

[annalieff-saxby]

I have always felt that, if I'm walking around prominently displaying a brand's name or logo, _they_ should be paying _me_ for the advertising space.

[HelenMarley-ymge]

My Nan used to say "If you can't buy it twice, then you can't afford it." I work for a company who sells luxury brands and it's a good mantra to have....

[Milestonemonger]

When I was younger and broke, I wished I had a LV. Now that I can afford one, I completely lost interest.

[Milestonemonger]

"Luxury brands destroy their excess inventory to create scarcity."
Genius and disgusting at the same time.

[jessicafern]

One of my favorite sayings:

“Money talks. Wealth whispers.”

[TopFlightSecurity]

i would seriously question someones intelligence if they bought a 30k bag

[LITKHRISS]

I worked for really rich people, personally spending time working with them made me understand that real wealth doesn’t mean expensive items. They drive the most regular and boring cars, dressing clothes with no branding or flashy logos. You see them in the streets and you’ll never think about how rich those guys really are. They have properties, businesses, assets that if you don’t ask or know them, you’ll never know the money they move and that’s when you know someone is really wealthy, their money speaks for them. Not their shoes or bags

[lucasley]

Yes! "Real luxury hides in plain sight" so true

[theshadowman]

I utterly refuse to buy items that have the brand’s name plastered all over it. It’s cringe. Also I would never in a million years pay 400 USD for a t-shirt.

[zomgoose]

It's more important to Stay Fit and be Healthy than to wear a brand.

[rezandrarizkyirianto-]

Born into a relatively well off family, it can summed up as this: Bragging that you just ate at a fancy restaurant to a rich person is like a beggar bragging that he just went to McDonalds the other day.

That's why, when mingling with wealthy people, absolutely do not wear something that reveals the brand so brazenly. Wanna wear Louis Vuittton? Go ahead, but just know that real rich people would not be impressed at all if you shout it out to them

The trend is that the elites always wear something obscure and custom made. Sure, they go to Dior and the like, but the real treasure is finding a relatively unknown but skilled master tailor, and comission them. Conversations in wealthy gatherings often revolve around this process of "finding new talent", usually for investment and patronage matters (or at least this is what's popular in my country)

[HighLifeWorkout]

This video is well done. However…
I used to work as a security guard at the Pradas store in Manhattan (both 5th ave and SoHo locations) for 2 years. I saw Jack Dorsey and other tech CEOs coming in to shop frequently. As well as tons of celebrities. I was working in the front of the store, so I would see them go across the street and shop at Gucci and LV as well.

This video points out that LVMH said that 50% of their revenue comes from the poor in middle class. That means that the remaining 50% Has to come from Rich people.

There are a lot of rich people who dress very understated, but there are also a lot of rich people who like the FLEX. For example, Warren Buffett dresses super regular, but he’s also 93-year-old man who lives in Omaha Nebraska.

When you go to big cities that are fashion capitals (like Miami, LA, New York) the rich people are flexing. I saw my own eyes when I work security at luxury stores. 🤷🏽‍♂️

[Garrettmoron]

Buying a plain gray t shirt for $400 is stupider than buying a Gucci t shirt for the same price.