Gen Y’s Are Partying Hearty

  • July 31, 2002
No wonder FHM and Maxim are doing se well. A report in the July/August issue of American Demographics magazine says the 18-24 demo has an estimated spending power is $187 billion, spending 70%t more than average on alcohol, 38%t more than average on tobacco products, 25% more than average on food away from home and 31% more than average on entertainment. The AD report focuses on how each generation devotes their budgets to the same broad categories -- housing, food and transportation. Highlights from the report state that GenXers are spending 78% more than average on personal services. Baby-Boomers spend 17% more than average on their owned dwellings, 50% more than average on house wares, and 38% more than average on mortgage interest.
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