According to your textbook, which generation has been the driving force behind national spending on luxury goods, with increased spending on luxury fashion by 33%, travel by 74% and fine dining by 102%?

A) Traditionalists
B) Baby Boomers
C) Generation X
D) Generation Y

National Spending

The total expenditure incurred by a government, covering sectors such as defense, healthcare, education, and infrastructure within a specified fiscal period.

Luxury Goods

High-quality, often expensive, items not necessary for survival but considered desirable within a culture or society, often used as a status symbol.

Generation X

The generation of people born approximately between the early 1960s and late 1970s, known for its bridging role between the Baby Boomers and Millennials.