Credit card processor data shows a 15% drop in luxury sector sales over the last 30 days…
Metropolitan luxury malls recorded 22,000 fewer high-net-worth visitors this month than in May 2025…
Luxury watchmakers are slashing prices by 20% to clear out inventory that is no longer moving at retail…
Private wealth managers report a massive shift into short-term treasury bills as client sentiment turns defensive…
Retail luxury stocks collectively lost well over $80 billion in valuation after the latest data dump…
Associates report that even the top 1% of earners are now questioning the economic horizon…
RICHEST AMERICANS CONTROL NEARLY HALF OF ALL CONSUMER SPENDING FOR THE FIRST TIME EVER
— First Squawk (@FirstSquawk) May 28, 2026
HALF OF ALL AMERICANS REPORT: THE FUN IN OUR LIVES IS GONE FOREVER, PER STUDYFINDS
— First Squawk (@FirstSquawk) May 28, 2026