From todays The Age (Melbourne)
http://www.theage.com.au/news/relationships/gen-y-living-the-high-life/2008/06/26/1214073410798.html
Appel says youth consumption is focused around what he dubs the "five lifestyle pillars:" entertainment ($151 per week), fashion ($55 p/w), sport ($25 p/w), travel ($24 p/w) and music ($11 p/w).
While overall spending across the five areas remained strong in 2008, Appel says Gen Y tastes have changed in the last 12 months.
Travel expenditure almost halved since last year's survey, music outlay continued to fall on the back of illegal downloading and the typically female domain of fashion received a financial injection from men.
What the 2008 Urban Market Report's 3,291 surveyed 16 to 30-year-olds are not spending on is mortgages. Only 13 per cent of those polled were first home owners.
http://www.theage.com.au/news/relationships/gen-y-living-the-high-life/2008/06/26/1214073410798.html