By  on April 17, 2014

NAPLES, Fla. — The good news for the luxury market is the world is in the greatest asset boom in history with Gatsby-flush consumers owning $241 trillion in personal assets, a 5 percent increase from last year, and unprecedented savings to boot. The bad news is they still think there’s a recession even if their bank statements prove the opposite, since job growth remains sluggish and the middle class has little to no discretionary income.

This story first appeared in the April 17, 2014 issue of WWD. Subscribe Today.

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