In an analysis of consumer spending habits, it was found that households with higher incomes tend to allocate a significant portion of their budgets to luxury goods—defined as items often perceived as non-essential, such as high-end electronics and designer clothing. Additionally, data showed that lower-income households prioritize essential goods, such as groceries and basic clothing, over luxury items. Despite this clear trend, researchers noted that even among middle-income households, there exists a growing penchant for luxury goods, particularly among younger consumers who are influenced by social media and celebrity endorsements.
Given this information, which of the following statements must be true?