The article doesn't highlight anything I've said for the past 2 years... But it emphasizes the obvious: leisure spending in theory should go down during weak economic times. What I've been saying is that the girls charging 700+ an hour have likely been getting 90% or more of their business from exceptionally wealthy individuals. These are the same individuals who feel no significant impact of a rescission like this, especially in the long run. If you have a 30 million dollar portfolio, why would you care if it drops down to 20 million, knowing full well that 5 years from now the market will have recovered, and you'll probably be above 30 million at that point? It's a good read if you have a few minutes. Case in point: girls charging 200 to 300 per hour aren't seeing the same effect because their business is not reliant on ultra rich people. If you are making 70K a year as a single person, you can probably afford to spend 200 unless you are living beyond your means, but you aren't going to do it as frequently. Conversely, if it's 700 you are about to spend, it's much more likely you are going to think twice before even a single transaction, let alone doing it on a regular basis..
https://www.businessinsider.com/sex-...omy-2023-1?amp