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Outspending baby boomers; Outlays on luxury goods and services exceed parents'; traveling in style.(Report: Wealthy New Yorkers)

Crain's New York Business

| April 02, 2007 | COPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Margaret Jaworski

Marketers love Gen X- and Y-ers with money.

Tina Wells, chief executive of Buzz Marketing Group, a tween-teen research firm, is their idea of a dream customer. The 26-year-old spends her self-made millions indulging her passion for fashion and her fascination with pop culture.

Fortunately, her business--trend-spotting for such clients as Sony BMG and Procter & Gamble--involves global travel, which allows Ms. Wells plenty of opportunities to do what she loves: shopping.

Current clothiers of choice include Danish designer Ivan Grundahl and French firm Cotelac. Ms. Wells' shoe collection--250 pairs and ...

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Source: HighBeam Research, Outspending baby boomers; Outlays on luxury goods and services exceed...

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