Now many young people are on short-term contracts. Their income is low, so they have to live with their parents.
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Azusa Kato, chief economist at BNP Paribas, on how the downturn in the economy is hitting the luxury goods industry in Japan. (Reuters)
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MeanRingo
Doesn't seem to relate to luxury goods at all, unless getting out on your own and renting an apartment so you don't need to depend on mummy and dadda anymore is considered a luxury good. Though, that just doesn't make any sense whatsoever. Anyhoo, down with luxury goods and the idiots who buy them. Spend your money on something worthwhile, like those 4000 yen grams of pot. Now that is using your noggin to spend money the proper way. And, in order to smoke that pot you are going to need to get your own apartment where you can spark up without your folks barging in on you. So, you best forget about the luxury brands and get a better job so you can pay for your apartment and your habit. Or you can just save up and travel to Canada or Amsterdam, and probably live for longer on much less.
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Triple888
It's true. All across the developed world more and more adults (thirties are not uncommon) are still living with their parents! I know numerous such people! With today's economic turmoil I'm tempted to move back myself!
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