[Perfectlap]

I think you will find that the biggest consumers of luxury goods are NOT those in their 20's. Once that mooolah starts rolling in from a little on the job expertise those in their 30's and 40's start accumulating. The way people buy luxury crap nowadays has to be at an all time high. It's like its the 80's all over again.
Fendi, Porsche, Rolex, Moet all this stuff used to be for only the very wealthy and now people who barely make 50K a year are spending 10K on Plasma TV, 2K on handbag, 5K on a writst watch. Materiality has become a plague and those barely old enough to drink think its way things should be.