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St. Paul, Minn.

Luxury vs. necessity

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Luxury goods
A employee holds a $129,000 crocodile Hermes Birkin Bag during a private opening for the new Hermes store on Wall Street in New York in June 2007.
TIMOTHY A. CLARY/AFP/Getty Images
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Luxury goods
A employee holds a $129,000 crocodile Hermes Birkin Bag during a private opening for the new Hermes store on Wall Street in New York in June 2007.
TIMOTHY A. CLARY/AFP/Getty Images