Younger Boomers Have Been Squeezed Most by the Recession, Reports Mintel
The economic climate of the past few years has been difficult on many consumers, but it seems not everyone is coming out of the recent recession on equal footing. Research conducted by the market research firm Mintel shows that 45-54-year-olds (younger Baby Boomers and older Gen X respondents) will definitely be taking longer to recover. For instance, 47% of that group (vs. 33% overall) say they 'have only been spending money on necessities' for at least a year.