In terms of generation segmentation,which group allocates a large portion of family income to upgrading homes,ensuring education and independence of their children,buying luxury items,and taking exotic vacations? Insurance and investments are also important to this generation group.

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Older boomers, born between 1946 and 1955, are typically financially stable and have a higher disposable income. They prioritize spending on their family's education, independence, and upgrading their homes. This generation group is also known for their affinity towards luxury items and exotic vacations. Additionally, they are more likely to focus on insurance and investments for their future security.

In Terms of Generation Segmentation,which Group Allocates a Large Portion