“The economy is good”
New York Times article in today’s Fashion & Style “When High Price Is the Allure”:
At Saks Fifth Avenue in Manhattan last week, Jessica Lee darted among the racks, gazing avidly at a champagne-colored Miu Miu cocktail dress, scarcely bothering to look at its $1,250 tag. â€œFashionâ€™s gotten more expensive,â€ Ms. Lee said, a fact as inevitable, and untroubling, to her as the tide.
â€œThe economy is good,â€ said Ms. Lee, who works for a private equity firm in Manhattan. â€œIâ€™ve made a lot more over the past year than before, and so I have more purchasing power.â€