Luxury sales begin to rebound as COVID-19 threat subsides

The rich got richer during the novel coronavirus pandemic and many are starting to spend on luxury goods now that restrictions related to the disease have begun to ease in the U.S. and elsewhere. Consumers with high incomes spent more than 11 percent more in March than they did during the same time period last year, according to economists surveyed by Wolters Kluwer’s Blue Chip Economic Indicators.