Most Gen Zs will make their first luxury purchase at an average age of 15. 45% of Europeans in their teens and early 20s said that they're going to make some kind of splurge, whereas 83% of baby boomers were not there. Some of them are buying these high-end items as an investment and then trusting them to hold their value even during times of crisis.
The country remains riven by unrest since the “self-coup” and subsequent arrest of its president in December; only an early election might bring a return to calm. Our correspondent goes shopping to discover the spending habits of Generation Z and millennials. And examining the work of Tom Lehrer, a mathematician who was an unlikely midwife at the birth of modern satire.
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