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A new report by Worth Media Group and Boston Consulting Group highlights the spending habits of affluent millennials, aged 28 to 43, with a net worth of over $3 million.
These individuals prioritize luxury goods, with 71% purchasing high-end items last year. Jewelry and watch purchases rose by 68% and 59%, respectively.
Despite their wealth, this group values family and health, and prefers volunteering over monetary donations, with 76% not donating money last year. The survey included nearly 2,600 participants, 82% of whom earn over $250,000 annually.