Must Read: How Income Inequality Will Affect Fashion in 2023, Luxury’s Après-Ski Takeover

How income inequality will affect fashion in 2023
Economic stress is impacting consumers differently depending on income levels when it comes to spending on fashion. Economists predict that lower-income households will feel the greater impact of economic turbulence and try to manage their finances accordingly. Many of these shoppers have been seeking discounts from their favorite stores or paying for products in installments. {Business of Fashion}