Understand what drives each generation

New Ideas in MarketingEssential news for marketers, summarised by YouGov
July 01, 2021, 2:15 PM UTC

This piece highlights consumer spending by generation, which generation spends the most and what do they buy.

A recent PwC study found that only 28% of Gen X consumers had acquired products via mobile/smartphones. While 29% of Gen X said they would spend more on takeout food, only 15% will spend more on travel. A separate McKinsey data found consumers born between 1965 and 1980 are less likely to buy essential and non-essential items online.

Around 37% of millennials indicated they would spend more on takeout food, while 24% anticipate spending more on travel and 33% plan to buy more fashion and accessories. Younger millennials and Gen Z also showed more interest in the physical shopping experience than their older counterparts did.

PwC report found a whopping 43% of millennials reported buying products and shopped weekly by mobile/smartphone. Additionally, 35% of Gen Z shop online daily.

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[11 minute read]