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Fortune
Fortune
Eleanor Pringle

Forget the Great Wealth Transfer—Boomers and Gen X are saving the luxury market with fancy hotel stays and shopping sprees

Luxury Bank of America BofA
Portrait of a woman shopping with shopping bag (Credit: andreswd - Getty Images)
  • After years in the doldrums, the luxury sector seems to be showing green shoots. Wealthy Gen Xers are apparently to thank.

Any offspring hoping for a healthy slice of inheritance from their boomer or Gen X relatives may want to think again: Older generations are back to spending in style.

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