- AARP - http://blog.aarp.org -

Hey Big Spenders

Posted By Alejandra Owens On July 17, 2008 @ 4:02 pm In Money & Savings | No Comments

Via Brandweek, [1] a new study (commissioned by TV Land) Generation Buy: A Close Look at the Boomer Consumer shows that boomers are outspending other generational cohorts by a wide, wide margin.

The study found that consumers between ages 40 and 59 spend more on themselves each month than millennials and Gen Xers. But the buck hardly stops there: Gen Buy thrives on multigenerational purchases, and spends more than twice as much as younger consumers on others. The study, fielded by OTX, included a sample of 4,000 adults ages 18-65 nationwide.
For instance, Gen Buy spent more than three times the amount of money per month on spouses ($514) than adults under 40 ($169), nearly twice as much on kids ($295 vs. $158) and three times as much on teen children ($494 vs. $136).

Monsters and Critics has more.


Article printed from AARP: http://blog.aarp.org

URL to article: http://blog.aarp.org/2008/07/17/hey_big_spenders/

URLs in this post:

[1] Brandweek,: http://www.brandweek.com/bw/content_display/news-and-features/packaged-goods/e3i5d81a1391066827751aaede43e8de617

Copyright © 2013 AARP. All rights reserved.