Latest / The Demographics Podcast with Fexingo: Aging Populations, Birth Rates, and Economic Impact
How Falling Birth Rates Reshape the Luxury Goods Market
In this episode of The Demographics Podcast, Lucas and Luna explore how falling birth rates are reshaping the luxury goods industry. With fewer children to spend on, affluent households in aging economies like Japan, Italy, and South Korea are redirecting discretionary income toward high-end personal purchases—watches, handbags, and fine jewelry. The hosts examine data from Bain & Company showing that personal luxury goods grew at a compound annual growth rate of 6 percent from 2019 to 2025, outpacing GDP in many developed markets. They discuss how brands like LVMH and Hermès are benefiting…
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