With increased incomes and buying power, increasingly available credit, and stagnating prices, it is becoming more and more difficult to assess one’s class. There is a widening middle class which leads to the illusion of a “classless crowd” (2). Americans are facing increased social pressure to buy luxury or brand name goods, but Steinhauer suggests this pressure is less from their neighbors and more from aspiring to celebrities, which is an unattainable goal for most. Additionally, there is a widening income gap which creates further obstacles for emulating or becoming a part of the upper class. The luxury market is expanding to meet middle class desires in order to create affordable luxury to give the middle class a taste of exclusivity. For many this affordable luxury can only be attained through the use of credit, and thus has led to a “democratization of credit” which can lead to reckless spending. The changing market dynamics, while allowing the middle class a perception of luxury, have lessened the exclusivity of luxury product for the wealthy. Many luxury companies don 't want to slip into the mass market in fear of damaging their reputation, which has led to an increase in higher end lines such as Godiva 's G-line chocolate. The sheer idea of exclusivity allows certain companies or restaurants to profit off of higher class individuals who want to maintain their prestige. The luxury markets can make marketing more difficult as it now has a broader audience than ever before. Steinhauer points out that it is not only the drive to purchase luxury items that makes it difficult to assess one 's class, but also the increase in personal services, which are not always obvious. Now people are competing more over the lifestyle of luxury than objects. While a middle class person can splurge on a one time expense,
With increased incomes and buying power, increasingly available credit, and stagnating prices, it is becoming more and more difficult to assess one’s class. There is a widening middle class which leads to the illusion of a “classless crowd” (2). Americans are facing increased social pressure to buy luxury or brand name goods, but Steinhauer suggests this pressure is less from their neighbors and more from aspiring to celebrities, which is an unattainable goal for most. Additionally, there is a widening income gap which creates further obstacles for emulating or becoming a part of the upper class. The luxury market is expanding to meet middle class desires in order to create affordable luxury to give the middle class a taste of exclusivity. For many this affordable luxury can only be attained through the use of credit, and thus has led to a “democratization of credit” which can lead to reckless spending. The changing market dynamics, while allowing the middle class a perception of luxury, have lessened the exclusivity of luxury product for the wealthy. Many luxury companies don 't want to slip into the mass market in fear of damaging their reputation, which has led to an increase in higher end lines such as Godiva 's G-line chocolate. The sheer idea of exclusivity allows certain companies or restaurants to profit off of higher class individuals who want to maintain their prestige. The luxury markets can make marketing more difficult as it now has a broader audience than ever before. Steinhauer points out that it is not only the drive to purchase luxury items that makes it difficult to assess one 's class, but also the increase in personal services, which are not always obvious. Now people are competing more over the lifestyle of luxury than objects. While a middle class person can splurge on a one time expense,