Pop open a bottle: the champagne recession is over
For true champagne lovers, the past few years have been dry – and we don’t mean brut. While sparkling wines have still been readily available, sales for French champagne have been way down, but wine experts say that for the first time in years, sales are back up. Reuters reports that the market for French champagne will be strong in 2014, and that’s a sign that it will be a good year for the U.S. financially.
“Sales of luxury goods, including champagne, make good leading indicators [of Americans' future incomes], Lee Sanning,” an economics professor at New York University and the managing editor of the Journal of Wine Economics says.
So go ahead and pop a bottle this New Year’s – it’s going to be a good year.