[QUOTE=Liberal]
Actually, it is. With an annual spending power of $2 trillion (10 times the annual spending power of young adults), and representing 70 percent of the nation’s net worth — not to mention that we spend more than $29 billion each year on gifts (including CDs) for our grandchildren — it shouldn’t come as a surprise that boomers spend more money on music than any other demographic.
[/QUOTE]
First, you’re making a gigantic leap from boomers having the most cash to boomers buying the most music. By this logic, boomers should be spend more on everything that relates to entertainment, and I am fairly sure, without having to provide proof, that that is simply not true.
I would argue that iTunes makes more money for the recording industry than CD sales. Besides, music sales are a very, very small percentage of an artist’s revene generation, these days.
Second, that link is tenuous at best. It is without citation and cannot be verified. Because two people say it’s true, it doesn’t make it so.