Friday 21 July 2017

Secret spending of 'guilty rich' is saving economy

Wealthy splashing the cash on luxury goods and underwear, writes Alison O'Riordan

Ireland's "guilty rich" have emerged from the financial crisis with fewer scars than feared and still have the knack of spending large amounts of money, but just that bit more quietly than they did during the boom years.

These are the same people responsible for pushing total retail sales back into positive territory for the first time since January 2008, as reported last week when the rest of us refused to spend.

Susan Hunter Lingerie, located in the Westbury Mall in Dublin, sells pure cotton and pure silk tactile underwear that women would kill to have next to their skin, but they come with a hefty price tag. A cashmere dressing gown will set you back €870.

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