Apparel spending in descending order by age groups.

Older baby boomers spend the most money on apparel, but Gen Y-ers are the most fashion-obsessed, spending the largest portion of their annual income on clothing. The 18- to 24-year-olds in the Gen Y category are still influenced by their parents, but their shop-till-you-drop ethos is strong indeed. The group spends 31 percent more than average on televisions and other electronic equipment.

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