While it is acknowledged that this group is still yet to go through a number of formative experiences in their life (Marconi, 2001), some general characteristics have been determined. The Generation Y group have grown through a period of relative world-wide stability; socially, economically and politically. This, combined with their relative independent wealth in comparison to previous generations, has created a group willing to spend their disposable income rather than to ‘save for a rainy day’. Also, the changing character and significance of the family group, due to higher levels of divorce and working parents, has lead to an increase in the importance of the peer group. The peer group is used widely within the Generation Y cohort for opinion developing and the gathering of information, and creating the right presence or ‘image’ within their group is important for young consumers.