WhereDaily News: High-Income Shoppers Reveal How, Where and Why They Like to Buy Luxury Goods
NEW YORK, NY--(Marketwired - Apr 30, 2014) - The independent and objective New York-based Luxury Institute has released the second of three multigenerational studies of U.S. consumers, 21 and older, with minimum annual household income of $150,000 per year. Respondents shared details about their most recent luxury shopping experiences, providing valuable insight into shopping behaviors unique to each generation. The age bracket for the Millennial generation ranges from 21 to 34, Generation X includes 35 to 49 year olds, and the Baby Boomer generation starts at 50.