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When the Rich Stop Buying Yachts | Raleigh News
When the top 10% of earners cut back on luxury spending, it doesn’t just affect yacht dealers—it ripples through entire industries. Kadey-Krogen Yachts, a storied builder of rugged cruising yachts since 1976, filed for Chapter 7 bankruptcy after revenues plummeted from $15M to just $400K in two years. Customers with deposits now face long odds of getting any refund, as those funds are treated as unsecured debt. The collapse of high-end spending shows how deeply even niche industries are tied to the economic tides of the wealthy. Listen in comfort:Get a discount on a Soli Pillow…
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