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Reasons Millennials spend money on luxury products worldwide 2017

Leading reasons why Millennials are willing to spend money on high-end fashion or luxury items worldwide in 2017

The data displays the results of a 2017 survey in which Millennials were asked about the main reasons why they were willing to spend money on high-end fashion or luxury items. During the survey, 19.7% of global respondents said they spent money on high-end fashion and luxury items because they liked to treat themselves.

I like to treat myself	19.7
They are of high quality	18
It makes me feel good	16.7
They will last a long time	12.6
It makes me look good	12.1
I like to have the latest products	8.8
I like to impress friends/family/colleagues	5.2
I am inspired by celebrities/influencers	4.1
Luxury brands are more ethical	2.6
Other	0.2

Reasons Millennials spend money on luxury products worldwide 2017

StatInvestor