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James Twitchell in his journal article in the Wilson Quarterly titled “Lux Populi” highlights an emerging luxury spending trend within the American Society. He illustrates that over the years, the extent of luxury spending has been on the rise as opposed to the previous predicament that recorder low luxury spending which was restricted to the rich and mighty in the society. Twitchell notes that the new emerging trend of luxury spending has become quite popular with the middle-class Americans who want to associate themselves with high-value lifestyles. Twitchell also reports that this behavior, which under normal circumstances is associated with the older generation, is very common with the younger generation. Twitchell associates this behavior with inheritance, early accumulation of wealth, and online shopping.
Paraphrase (Page 35)
Like the rest of the developed countries, luxury poaching among the middle-income earners, especially the youth has been on the increase in America and it supersedes the overall spending.
James Twitchell in his journal article in the Wilson Quarterly titled “Lux Populi” highlights an emerging luxury spending trend within the American Society. He argues “Here’s the takeaway: There is very little cake a rich person once gorged on that a middle-class person can’t get on his plate. You name it; I can taste it” (Twitchell 36). This argument is true because nowadays you cannot tell the difference between a rich person and a middle-income earner based on their spending.
Twitchell, James. “Lux Populi.” The Wilson Quarterly, 31.1 (Winter, 2007): 34-37. Print.