The problem: "360-degree luxury lifestyles"

That's handy. Here's the Luxury Institute's (below) profile of their ideal consumer:

• The top 10% wealthiest U.S. Households based on Net Worth
• 11 million households who can choose to live a 360-degree luxury lifestyle
• Own 70% of all the wealth in the U.S.
• Average net worth of $3.1 million
• Average annual income of $256,000
• Earn 45% of the aggregate annual income in the U.S.
• For most luxury goods and services firms, these are the 20% or less of the clients who deliver 80% of the profits.

For the sake of argument, we might just call this THE PROBLEM.