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High-end spending could be the last to rebound.
Then there are bad economic times made even worse by a furious public and political fallout against high-end spending.
Some experts contend that much of the high-end spending before the recession was fueled by money borrowed by people who were trying to live beyond their means.
It should come as no surprise then to learn that, while workers in Europe and elsewhere are being told they must pay the price of past profligacy, high-end spending indicates the rich have never had it so good.
And fans of the British television series "Absolutely Fabulous" might expect Patsy and Edina, the two fashion-driven shopaholics, to enter the bar at any moment, laden with the fruits of their retail therapy from the four floors of high-end spending opportunities below.
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Or, at the high-end, spend a small fortune on a Cisco or Polycom video conferencing system which usually means losing the first 15 productive minutes of every meeting wrestling.
As year-end reports on 2011 emerge from companies and organizations around the world, an astonishing picture is building of extravagant, high-end Chinese spending that offers a glaring contrast to the hardscrabble, high-saving image of most Chinese.
It's easy to see how this tendency helps to reinforce the status of high-end vineyards: spending hundreds of dollars on a vintage with aromas of "leather," "eucalyptus," and "Japanese maple" sounds more justifiable than splurging on one with flavors of "canned olives with black pepper".
In addition, the prospect of higher dividend and capital gains taxes under Obama will also slow high-end retail spending, which will hurt luxury retail.
Meanwhile, American Express maintains its leadership in business travel and entertainment and high-end consumer spending, and Capital One Financial has built a formidable brand.
California's is 12.4%, and when you zero in on the region called SPA 6, the area in the South Central area, that accounts for the majority of high-end Medicare spending in LA, you'll see that the poverty rate there is 28%.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com