Forget Ferraris and Chanel—wealthy Gen Z are splashing out on kombucha and spin classes instead

Quick Summary:

Young high-net-worth consumers are looking for something deeper than expensive outfits.

A huge part of why Gen Z and millennials are valuing a fulfilling life over possessions is because the goalpost of wealth has shifted as of late.

The result is a seismic shift in the definition of what luxury means today.

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Article Details

Author / Journalist: Emma Burleigh

Category: EconomyBusiness

Markets: United States

Topics: Wealth Luxury Gen Z Louis Vuitton Ethics Millennials Money Food and drink Rich people Mercedes Benz Air Travel Autos Fashion Business Ferrari Consumer Spending Clothing and apparel Sustainability Skincare Millionaires Shopping Hospitality

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 15:25:19 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 564 words

Reading Time: 4 minutes read

Sentences: 5 lines

Sentence Length: 113 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28473131

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 40 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #95

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