Gen Z in the US already has estimated spending power of nearly $150 billion, and this cohort represents a growing opportunity for retailers and brands. Here’s a snapshot of recent Gen Z shopping and buying data to help guide you.
Gen Zers are leading the charge, with 44.1% expected to use the technology next year. However, more than a third of millennials and nearly a quarter of Gen Xers will also use BNPL. While BNPL makes up around 1% of US retail ecommerce dollars, fast growth means merchants are noticing an opportunity to grab sales.
Generation Z represents more than 20% of the US population and has a collective buying power of $143 million. This report presents a demographic and psychographic overview of Gen Z and offers insights into what makes them tick.
As the first true generation of digital natives, Gen Z has had round-the-clock access to on-demand information, streaming entertainment, and instantaneous communication since birth. This report examines trends in Gen Z’s technology and media use.