WATCH: Behind The Scenes Of Beth Ditto's MAC Shoot
Michael Kleinmann: PHOTOS: Men's Underwear Goes Red for Summer
"Young Affluents" Are The Future Of The Luxury Market
All industries must grow and evolve with the times, and the luxury market is no different. Used to catering to the "Baby Boomers," the luxury market is slowly (but surely) feeling a shift towards the younger generations, or the "Young Affluents." Referring to those age 40 years old and younger, the "Young Affluents" group includes Generation X and the Millennial generation, and they both have much different spending habits than their parents and grandparents.Even though some adjustments will need to be made regarding different tastes and attitudes, the industry is hardly upset by this developing trend. With a "want-it-all" attitude the Young Affluents spent an average of 32% more than the Baby Boomers last year, and there is no sign they plan on slowing down.
SLIDESHOW: Tattoos That Go Way Beyond Your Average Tramp Stamp
Rodents Run Amok at Upstate New York Walmart
PHOTOS: Most And Least Christian States In America
America's 10 Highest-Paid CEOs of 2011 (and How They Earned It)
What Happened When Alex Kenjeev Paid His Student Loan in Cash
VIDEO, PHOTOS: Naked Face Eater Identified
What's a Realistic Retirement Age?
Carrie Underwood's Grunge Rock Past: 'I Was All About Pearl Jam'
Yale Student Killed In Crash Days After Graduating
I'm A Successful Entrepreneur But Might Get Deported
Farmers Hit the Jackpot in Kansas Oil Boom
America's 10 Best National Parks
Mary J. Blige, Charity Lawsuit: Singer's Foundation Sued for Failing to Repay $250K Loan
Safeway Worker Stops Man From Beating Pregnant Woman, Gets Suspended
LOOK: Inside Honduras' Deadly Prisons
Editorial: Despite shaky 48 fps Hobbit preview, high frame rates will take off
PHOTOS: Nicole Scherzinger Almost Reveals Too Much
Will You Be My Facebook Friend? No.
'Cannibal' Attack: Naked Man Shot Dead In Miami 'As He Chewed Victim's Face' (VIDEO, PICTURES)
Boy Locked In Filthy Coal Bunker Every Night For A Year
Eight-Year-Old Upset After Teacher Gave Her The Biggest 'Catastrophe' Award
VIDEO: 'The Guy Was Tearing Him To Pieces With His Mouth'
Blood Found In Missing Girl's Bedroom
NSFW PHOTOS: A Little Too Much Of A Rear View
PHOTOS: Americans Honor Troops On Memorial Day Weekend
MSNBC Host Says He's 'Uncomfortable' Calling Soldiers Killed In Action 'Heroes'
Another Deadly Northern Italian Earthquake
FREE FALLING
Police Arrest Parents Of Six Children Killed In Derby House Fire
60 Recipes For Pie Lovers
When Jenny Was Still From The Block
Travel + Leisure: PHOTOS: America's Worst-Dressed People