Despite the difficult economy, more young people than ever before have grown up in wealthy households and currently, 11.8 million 18-30-year-olds live in households with an annual income of $100,000 or more.

Despite the difficult economy, more young people than ever before have grown up in wealthy households and currently, 11.8 million 18-30-year-olds live in households with an annual income of  $100,000 or more. They’re redefining luxury, willing to splurge on entertainment and travel to have experiences with their friends, but displaying high-low budgeting habits by using flash sale sites and shopping at mass merchandisers. (Forbes)