All posts tagged gen y

How Affluent Millennials Are Different (and Not So Different)

Luxury marketers often focus much of their time and energy on Boomers. But the truth of the matter is some of the most affluent people in the United States are under 40 – like Dustin Moskovitz and Mark Zuckerberg from Facebook and the creator of Twitter, Jack Dorsey. These are rich CEOs who helped define the [...]

Can Luxury Brands Be Irreverent?

When I first started out as a young copywriter, I learned fast that when it came to luxury brands, there was a certain line that couldn’t be crossed. Irreverence was reserved for fun, young, grassroots brands. Luxury brands were to be given the white glove treatment. But as Gen X and Gen Y consumers unleash [...]

How Gen Y Looks at Luxury Travel

Experts say that the Luxury Travel industry is on the verge of a boost from Eat, Pray Love style travelers. According to a report on the recent International Luxury Travel Market conference in Cannes, France, the age of luxury travelers has been trending downward and those travelers are interested in cultural experiences and locations like Bangkok and Guangzhou rather than Paris and [...]

I’m Gen X, and I Could Buy and Sell You.

Don’t underestimate the spending power of Gen X. Sure, we’re not as big in number as Boomers or Gen Y. But our money is just as good, if not better. The women of our so-called “sandwich generation” are way more into beauty products than our moms ever were. Our small group still manages to account for 31% of all [...]

Luxury Watch Brands: Differentiate or Die

Just like all other categories in the world of bling, watch sales have been struggling along since the fall of the economy. But even before that, there was that gnawing question: would the use of mobile phones put watch factories out of business? Well, the answer back in 2006 was no. Affluent and aspiring affluent [...]

The Gen Y Influence on Affluence

“Gen Y”, “Echo Boomers “, “Millenials”, “Net Generation” – marketers have a litany of monikers for the generation of individuals born between the years of 1982 and 1991. However you choose to name them, this generation is fast emerging as a dominant force in the consumer market. The largest American generation since the Baby Boomers, [...]

Affluent Brands Need to Get Social with Gen Y

Has your brand embraced social media yet?  If it hasn’t, now might be time to start thinking about it. L2ThinkTank recently conducted a survey of “high-achieving and high-earning Gen Y adults”.  Highlights include: 81 percent of millennials use Facebook every day—nearly twice as many as those who watch TV or read newspaper content. 45 percent [...]