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Gen - 1 Knight Frank - 1 Knight Frank's - 1 millennials - 1 Rich millennials - 1 Hermès - 1 Birkin - 1 Gross - 1
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☆ Gen Z is confident in its ability to build up wealth — at least the rich ones are
  + stars: | 2024-03-02 | by ( Hannah Getahun | Reporter | West Coast Nights | ) www.businessinsider.com   time to read: +3 min
Among high-income earners, Gen Z is most confident in their ability to get richer. Gen Z women are particularly confident in their ability to create wealth. The rest of Gen Z may not share this confidence. AdvertisementIt seems the rich are confident that they will be able to build wealth, and the affluent side of Gen Z is no exception. A gender breakdown reveals that 81% of high-net-worth Gen Z women, versus 69% of high-net-worth Gen Z men, expect to see their money grow — a deviation from the overall trend, which saw men more likely to indicate that their money would increase.
Persons: Gen, Knight Frank, Knight Frank's, millennials, Rich millennials Organizations: Liberty Street, Federal Reserve Bank of New, Business Locations: Federal Reserve Bank of New York
☆ How to buy a Birkin bag
  + stars: | 2021-12-03 | by ( Hannah Getahun | Reporter | West Coast Nights | ) www.businessinsider.com   time to read: +1 min
HermèsHermès was hit with a proposed class-action antitrust lawsuit on Tuesday over what litigants allege is an illegal requirement for Birkin hopefuls to purchase ancillary products from the brand. Susan Scafidi, the director at Fordham University's Fashion Law Institute, told BI it would be difficult for plaintiffs to prove that Hermès' has a "lockstep policy" on how much a customer should purchase to access a Birkin or how sales associates determine who gets a bag. Melissa K. Dagodag, an attorney specializing in business law, also told BI that the lawsuit would be difficult to prove. "Maybe Birkin bags will become less of a status symbol and more of an 'I'm a sucker' symbol, casting buyers in some kind of unintended dark light," Dagodag told BI. "In other words, there may never be a better time for an ordinary customer with thousands to spend on a bag to go shopping," Scafidi told BI.
Persons: Hermès, Birkin, Gross, he's, Susan Scafidi, Melissa K, Dagodag, Scafidi Organizations: Fordham University's Fashion Law, Lawyers
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