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Young adults living with their parents are biggest driver of luxury goods boom

Young adults living with their parents are biggest driver of luxury goods boom
Dec 14 2022 Share

Financial services firm Morgan Stanley have stated that young adults who still with their parents are amongst the biggest contributors to the boom in sales of luxury goods.

Bank analysts stated that increased rental costs and marriage delays have freed up money that would otherwise go towards rent, food and discretionary spending. Consequently, the ‘freed up’ finances have contributed to a boom in the purchasing of handbags, watches, jewellery and other luxury goods.

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Luxury goods refers to items which are not necessary to live but are highly-desirable within various cultures, with brands such as Gucci and Louis Vuitton remaining of the forefront of such a term. Earlier today, it was reported that Bernard Arnault overtook Elon Musk as the world’s richest person.

Arnault is the Chief Executive Officer of luxury goods company LVMH Moët Hennessy, a group of companies which made €64.2 billion in revenues in 2021 with brands such as Louis Vuitton, Christian Dior, Tiffany & Co., Moët and many more.

In August, Malta ranked third-highest in the list of Europeans most likely to live with their parents over the age of 30, with the average standing at 30.2 years of age.

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Malta donates over €1.7 million in emergency aid to Ukraine

Malta donates over €1.7 million in emergency aid to Ukraine
Dec 14 2022 Share

Since last March, Malta has provided over €1.7 million in emergency assistance to Ukraine, amid the ongoing war in the country.

In an international conference addressing the Ukrainian people’s resilience in Paris, Minister for Foreign Affairs, EU Affairs & Trade Ian Borg stated that Malta will continue providing help to Ukraine.

“In light of the limited resources our country has, as well as the neutrality which is an integral part of our country’s constitution, Malta actively answered to this threat, particularly with regards to medical equipment and medicine”, Borg stated.

Borg went on to condemn the Russian Federation’s systemic destruction of Ukrainian infrastructure, stating that such actions are in serious breach of international humanitarian laws.

During the conference, Ukrainian President Volodymyr Zelensky thanked the European Union for its $19 billion financial aid package. “Every day we gain new strength for Ukraine to get through this winter, and I thank everyone who works for this and who helps our country, ” he stated.

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This Avatar-inspired Mercedes-Benz is one of the most futuristic cars we’ve ever seen

This Avatar-inspired Mercedes-Benz is one of the most futuristic cars we've ever seen
Dec 14 2022 Share

As cinema-goers around the world await the arrival of James Cameron’s Avatar: The Way of Water, passers-by and commuters in El Segundo, California had to the opportunity to see a futuristic concept car inspired by the film.

The Mercedez-Benz Vision AVTR was first unveiled in 2020 and was reportedly inspired by the original Avatar movie and looks as futuristic as they come. With light-accented tires, side-impact door beams and gill-like flaps on the car’s exterior, the vehicle really does look like something from Pandora.

The vehicle truly is a reflection of Avatar: The Way Of Water’s grandeur, with the film having to be the fourth or fifth biggest box office hit of all time to just break even.

In a recent interview, James Cameron himself failed to shed light on the film’s financial standing, but went as far as saying that it was “very f****** expensive” – coming from a director who helmed projects like Titanic, and Terminator, that’s saying something.

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Pornhub’s ‘Year in Review’ reveals the searches that defined 2022

Largest drop in Pornhub traffic registered on Christmas & New Year's, website reports
Dec 14 2022 Share

Every year, pornography website Pornhub releases its own ‘Year in Review’, breaking down trends, popular searches and recaps based on billions of annual visits to the adult website.

This year’s edition was the site’s 9th year in review, with the website highlighting that its searches are always heavily influenced by pop culture and worldwide events, terms that do not only define Pornhub but mainstream media in general.

In a detailed infographic published on its ‘Insights’ page, it was revealed that “Reality” placed first in ‘Searches That Defined 2022’, with the site revealing that the category grew by +169%. In second place, “Gender” took over, with the “Transgender” category growing by 75% ‘to become the 7th most popular worldwide and the #1 category in Brazil’.

Pornhub’s #1 worldwide search in 2022 remained “hentai”, followed by “Japanese”, with the terms “MILF”, “lesbian” and “Pinay” coming in third, fourth and fifth place.

For men, “Japanese” remained the #1 most searched for category with “Ebony” and “Mature” following whilst “Lesbian” was the #1 search amongst women with “Japanese” and “Threesome” in second and third, respectively.

What do you make of this

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