Recession Special: If You’ve Got It, Don’t Flaunt It

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[Images via Net-a-Porter]

Here's the thing about the down economy: "Down" is still a relative concept. Says Forbes, "Even though the Federal Reserve reported on Sept. 18 that U.S. household net worth dropped $2 trillion over the last year, it's still a whopping $17 trillion more than it was in 2002, which means that many people—despite a beyond-volatile market—are much richer than they were less than a decade ago." Even those people aren't spending much, though, because conspicuous consumption suddenly looks like bad taste.

MORE ON RACKED NY "Forbes helpfully offers a shopping list of very expensive items that don't have big logos on them..."For more stories from Racked LA, go to la.racked.com.

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