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As with other indices, the Citigroup Index has also been retrospectively calculated to comprehensively reflect the outstanding performance of swiss replica watches its constituent stocks. According to Citi’s information, the wealthy index rose 17.8% in the past 20 years. However, due to the creation of the stock strategist Ajay Kapoor left, Citi recently revoked the index.
However, the emergence of replica watches these luxury goods index has once again proved that wealthy people are creating their own consumer economy. According to the US Federal Reserve Board data, since 1995, the number of US millionaires has more than doubled. The latest wealth statistics from the Fed show that since 1998, the wealth of the richest 1% of the population in the United States has grown by more than 50% and reached $ 16.7 trillion in 2004.
With the richest people’s income and wealth soaring, their spending is also rising. In a Citigroup 2005 survey, Kapoor noted that the 20 percent of uk replica watches  Americans with the highest income accounted for 37 percent to 70 percent of the country’s total spending.
Goldman’s Margaret Ma Jie said that today, a better life is defined by the assets you have. It is measured by the luxury you have in the mansion and car, your appearance and clothing, your social network, your food grade, and the preciousness of your art collection. This concept will undoubtedly promote the luxury goods market and the development of luxury goods index. Goldman Sachs created the Goldman Sachs high-end consumer index.

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