I don't think I have one guy friend that owns a coach bag, luxury "accessories," or high fashion, but interesting if it's true. Also, where is Gen Y getting their money for these items if we're dumb, can't find jobs, etc.? The article is about projected luxury shopping habits for Gen Y in 2012
It's very interesting that we can be in an economic recession and have luxury sales increases of 33%. This does show where some of this generation puts a higher value to than previous generations!