The concept of luxury goods is constantly expanding. It changes with the times, and there are different representative products in different periods. For example, in China, in the 1980s, "luxury goods" were watches, sewing machines and bicycles, which gradually evolved into televisions, refrigerators and telephones. In other words, these items have changed from "luxury goods" in people's early impressions to necessities today.
Extended data
According to statistics, consumers in China spend more than 500 billion yuan on luxury goods every year. Nearly13 of luxury goods buyers in the world come from China, and China is the only country where purchasing is prevalent.
Luxury goods can fill self-worth. The rapid development of China's economy has attracted worldwide attention. When people face the sudden increase in wealth, they will instinctively choose a lifestyle that matches their wealth. According to Maslow's hierarchy of needs theory, when the material level is guaranteed, people will naturally pursue peace and prosperity inward.
But now the development of cultural and psychological industries lags behind the economic development, and most people still don't know how to seek value inward, resulting in a sense of emptiness and confusion. In order to get rid of this feeling, the best way is to continue to pursue material enjoyment and regard luxury as a lifestyle that matches one's wealth to make up for the lack and confusion inside.
People's Daily Online-Why are China people obsessed with luxury goods?
Baidu encyclopedia-luxury goods