Role of marketing in consumption of luxury by customers


I want some assistance with these three questions:

In the U.S., luxury is no longer said to be available only to the wealthy (for example, a person making $30,000.00 U.S. per year could take out a loan and purchase a Mercedes Benz).

Question 1: What kind of effect has the availability of luxury in the U.S. had on society as a whole?

Question 2: What role does marketing play with the consumption of luxury by customers?

Question 3: The U.S. economy has been on a decline. How has the pursuit of luxury in the U.S. assisted in the downward trend?

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Marketing Management: Role of marketing in consumption of luxury by customers
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