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With only 3% of the luxury purchases for Millenials compared to 50% for Boomers, the 33% and 27% increases in luxury and jewelry spending are just barely out of the noise on whether this is a true trend or not.
As for the technology and gadgets, it may have formerly been considered a luxury (and it still really is)...more
My parents were public school teachers and valued education. They paid for both my sister and my private college educations with no loans(late 90s/early 2000s). Tuition was between $15-20K per year after some hefty scholarships both of us received, but with another $5-8K per year for housing and meal plans. Our pare...more
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