eli5: How markets are still going up but luxury markets, (like travel) seem to be down in the US.
In: Economics
Markets are up cus prices are up. Due to daily living expenses going up, less and less people are able to travel and spend on luxuries.
If I can save $5 a day to go on vacation by the end of the year, I go on vacation.
Now that I cant save $5 a day, due to everything costing more and my pay not going up, im not going vacation.
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