Generations Y, Z, and Alpha will become the biggest buyers of luxury goods by 2030, a new study shows
The lion's share of those luxury purchases will be made by the youngest consumers globally, per the report: Generations Y, Z, and Alpha will become the biggest luxury buyers by 2030, accounting for at least 80% of global purchases., whereas Generation Z refers to those born between 1995 and 2009. Those born after 2010 are part of Generation Alpha.
. A decade later, the value skyrocketed to an average of $7,800. A bag purchased in 2011 could have yielded a 200% return on investment in 2021.in 2021, showing that certain luxury goods are not just a fashion investment for self-indulgence, but they have the potential to be profitable financial investments.Personal luxury goods had a good performance last year, with apparel leading the growth within the sector, the Bain report states.
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