NEW YORK: The two wealthiest generations are shutting down on spending.
The silent generation/veterans (aged 70 to 100) were always frugal.
But the shock is the drop in spending by the previously profligate boomers (48-69 years).
Frustration over service standards, voice-mail wilderness, the drain of having to constantly chase delivery, a detestation of the ‘add-on’ culture and a desire to de-clutter are behind the sales drop-off…