Why Gen Z May Be the Most Important Generation of Consumers

Written by brianwallace | Published 2022/06/07
Tech Story Tags: consumer-behavior | business-strategy | gen-z | gen-z-brands | infographic | brands | branding | business

TLDRGen Z includes individuals aged 10-22, which encompasses around 2 billion people worldwide and 40% of U.S. consumers. By 2031, Gen Z's income will account for one-quarter of the world’s total income, outweighing the currently dominant Millennial generation. Gen Z prefers products that promote inclusion, sustainability, and ethical business practices. In 2020, the trust that these young people placed in large corporations dropped by 10%. With so many young consumers on social media sites, mobile-first marketing becomes an essential part of successful business models.via the TL;DR App

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Written by brianwallace | Founder @ NowSourcing | Contributor at Hackernoon | Advisor: Google Small Biz, SXSW | Founder of The Innovate Summit
Published by HackerNoon on 2022/06/07