The Great Recession took lot of wealth out of baby boomer pockets, probably for good. That means luxury merchants will have to set their sights on a new demographic for growth in coming years. That group will most likely be the millennials, 25- to 34-year-olds. Continue reading Baby Boomers Are No Longer Luxury Retailing's Future Baby Boomers Are No Longer Luxury Retailing's Future originally appeared on DailyFinance on Tue, 09 Nov 2010 16:00:00. Filed Under: Economy , Retail Permalink | Tweet this! | Comments