Declining sales among major luxury designers are indicating the end of a global luxury bubble, as money worries are causing shoppers to nix aspirational purchases. As recessionary spending practices come for 'inflation-proof' industries, luxury brands are learning how they must meet consumers.

Luxury watch prices have plummeted 40% from 2022 peaks, outpacing the overall luxury market decline. Economic uncertainty and shifting consumer priorities are challenging the industry as buyers seek value, transparency, and alternative investments in a shifting luxury landscape.

Faced with double-digit inflation, Britons are tightening their belts and cutting back on non-essential spending – but treats aren’t totally out of the question. From affordable luxuries to stripped-back hedonism, how can brands cater to this balancing act between luxury and saving?

Despite rising costs and inflation, high-earners in the US are finding new ways to accommodate their lifestyles. Having looked at how changing values are shaping big-ticket purchasing in our Luxury Sector Snapshot, Canvas8 spoke to ten Americans to find out how attitudes to luxe spending have shifted.