Millennials and Gen Z are now more likely to embrace luxury than their elders

Who said that luxury was the territory of Boomers? This is no longer the case; on the contrary, the younger generations are now turning to the high-end and even very high-end items in growing numbers. That’s one of the findings of the latest report released by payment services company Klarna*: Gen Zers (63%) and millennials (63%) purchased more luxury items than their elders (45% for Gen Xers …

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