[Valpal1]

the Deutsche Bank report explicitly defined luxuries as goods or services consumed in greater proportions as a person’s income increases and necessities as those goods or services that make up a smaller proportion of spending as a person’s income increases.

Making the headline hyperbolic nonsense.

[PAR35]

SO, by their definition, I suppose ramen noodles are a necessity, but hamburgers are a luxury item.

[Sasparilla]

....Making the headline hyperbolic nonsense.....

Some Millenials at Deutsche Bank were actually paid to come up with this hyperbolic nonsense.

[Gideon7]

It’s worth noting that by the specialized nomenclature of the dismal science, even eating at McDonald’s is a luxury — that is, we do it more as our incomes rise — while smoking and lottery-ticket buying are categorized as necessities.

The headline is very misleading.