"They're successful entrepreneurs," says Milton Pedraza, CEO of the Luxury Institute, a New York City-based research firm.

来自一家位于纽约研究公司奢侈学院的首席执行官Milton Pedraza说：“他们是成功的创业者。”

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"There has been a reduction in spending in all segments of consumers, from the ultra-wealthy to the wealthy to the average American, " says Milton Pedraza, CEO of the Luxury Institute, a New York-based market research firm.

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"Even if they aren't cooking or using the products very often, very wealthy people want to have the top-of-the-line of everything, " explains Milton Pedraza, chief executive of the Luxury Institute , a research firm based in New York.

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However, even more than gadgets and gimmicks, so-called "Ultra-High Net Worth Individuals" value fairly simple fundamentals of a great customer experience, said Milton Pedraza, CEO of the Luxury Institute, a research firm focusing on the nation's wealthiest 10%.

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