[NEWs GEN] Why are S. Koreans so hooked into luxury spending?
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- Опубліковано 3 жов 2024
- - Why are S. Koreans so hooked into luxury spending?
- 루이비통 회장 방한, 한국 MZ들의 명품 사랑 진짜일까?
#LVMH #BernardArnault #luxury #LV #Dior #luxuryspending #brands #MZ #trend #Arirangnews #Korea #Seoul #Englishnews #Millennials #GenZ #NEWsGEN #MZ세대 #뉴젠 #아리랑 #트랜드 #영어뉴스 #루이비통 #디올 #명품
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2023-04-03, 09:30 (KST)
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More spending on luxury goods = higher debt. Along with higher cost of housing, it's pretty much explanatory why many don't get married and start a family anymore. Last time I check, income hasn't moved much either. Government don't need to spend billions to figure this out.
The pursuit of empty materialism is the equivalent of a drug addict searching for their next high. Look, I support you guys but I can't believe you all were looking for the "pros" of this behavior. It's not that hard to understand that the vast majority of people in Korea are spending more than they can afford and contributing to their stress. Spending most of their life accumulating things and then you won't be able to give it away when you are old because its out of style. Luxury or not.
covid had most likely had a factor into this because it has further proven that a long-lived life is not guaranteed anymore thus increasing ones spending more than they can afford
Totally. Laughing moronically while they describe 14 year old self-regarding middle school consumer slaves forcing their parents to work to death so they can buy some shitty jacket or bag. Makes me sick.
Koreans are making the European richer from their spending habits… it’s tragic
People buy shit with money they don't have to impress people they don't like.
lol Korean society is one of the most happy society in the world? 🤣 very high correlation with luxury toxic consumption 😅
Propaganda garbage. This station has to put on a happy face.
Look at me, look at meeeeeee!
Why.....spending more on Lux items.
Because of low self esteem..
I feel bad for these people! The greatest luxury in life is peace of mind- not having to worry about debt, not having to compete with other people, not being bothered by what others think about you.
Don't forget how RAPIDLY S.Korea industrialized. The impact parents and grandparents had on the current "health and wealth is king" can't be understated coming out of generations of poverty, occupation, and war. There is now an emphasis on material goods and status which is in a way "therapeutic", since many studies (and real life "feel") show that trauma can be/is generational. We see similar things in most cultures that have come out of generational oppression (black community in North America is another example).
You three have some good chemistry on camera! Keep up the good and relevant content.
I am an actual Korean multimillionaire with enough money to be compared to Abby Choi of Hong Kong. And guess what? I own 1 Prada bag and NO other luxury. I’m not going to spend $6000 on a coat nor shell out $4000 on a handbag. Does that sound right to you??? Like let’s get real, bro. 😎 Would you literally spend $2,000-$4000 on a BAG? I wear clothes from UNiQClo and Superdry. I drive a Toyota and live in a 1200 sq ft home. I cook my own meals and do my own chores, wash dishes and live life simply just like everyone else….I have $0 debt and donate money to Buddhist temples cuz I am Buddhist. Think 💭 hard before spending your hard earned cash.
Right on....Im also a self made multimillionaire and own zero luxury goods. I bought an 4 year old used Nissan all cash and own my house million dollar house 90% paid off, zero debt, and millions in cash, stocks, gold, funds. I used to shop at Zara but now mostly Uniqlo....I don't wear jewelry....I have some cheaper watches Timex, and Seiko.
@@aaap3875 That's what's up. How could we have gotten here in the first place? I grew up poor. I am a 1st generation immigrant. No one gave me any money and I was so poor my dinner was pickles from 99 cent store with white rice and kimchi.
In America, it’s probably not as high since a lot of people just steal. Lol.
Not true at all. Dumb comment!
Hahahahahahh
It shows a lack of self esteem that needs to be boosted by pretending to be someone else.
I like kpop ( some of them) , interesting history, delicious food . I was introduced to Sk mindset too and i'm sorry but i would never adopt their mindset. Their strong hierarchy, their hunger for status, for be better than anyone else, misogyny , fat shaming and racism ,i guess that why SK society is so stressed. Nop definetely no.
while chineses youngsters do revenge saving, south koreans love luxury stuffs
A $1,000 handbag with only $5.00 cash left to spend
❤️
they didnt realize those luxury brand are making them cashcow. a teenager that not even on their 20, became a luxury brand-brand ambasador only to targeting teenager as their market. what the fk!? rather than spending for health insurance, or a simple meal, they choose luxury goods. more over, they pay with credit cards LoL.
This is so random but my name is Cheska too (I got by Francesca professionally) but its so cool to see another Cheska, it’s so rare to find someone who goes by this name at least I’ve only met one other in my life living here in Toronto, Canada
Also I definitely think the consumption of luxury goods in South Korea is more for flexing and a way for them to feel more than or above others. I buy luxury goods and I’d have to say that I invest in pieces that last a long time and increase in value, I also do appreciate the brands that have a history and heritage. It’s hard for a brand/ company to last over 50-100+ years so i appreciate that aspect of luxury/designer brands. I dont think many luxury loving Koreans that are in the 13-28 range know a lot about the brand heritage and history.
It’s all debt on the Visa card
koreans should spend more on luxury goods!!! They are worth it!!
all three of them speaking in different accents haha
MZ하네요
Propaganda
Koreans deserve the best. That's why I hope Korean ladies can find American men to be husbands. Amen.
Hahahahahahahaha
Korea is now the country with the highest Credit Card/Consumer Debt as of 2022
It also got like the 3rd highest suicide rate. And the lowest birth rate for the past 12 consecutive years.