People are spending more on luxury items among certain Michigan companies, emphasizing the gap between rich and poor as economic uncertainty lingers in Michigan and nationwide. Even as economists have lowered estimations for economic growth this year, purchases on custom motorcycles, boats, and airplane has increased. These high-end custom products may be attractive purchases for wealthy customers as an alternative to a weak housing market. Though the companies are seeing fewer customers than from before the recession, current shoppers are willing to pay much more money.
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Business | Luxury spending picks up even as economy sputters | The Detroit News