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Just as a flood of new luxury magazines hit the market, CNN/Money tries to be a buzzkill suggesting that the rise in luxury spending has reached its peak. The article cites a Deloitte & Touche research study that states that increased tax burdens and a less statospheric real estate market will keep luxury spending in check. They also predict that the improved wages will benefit the low and middle-income shoppers. The rise may taper off but luxury isn't going anywhere.
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