12 Surprising Facts About Millennial and Gen-Z Workers

Given the large amount of time they spend online and their tech-savviness, it might come as a surprise that a majority shop in physical stores more often than online. This could be partly due to the lack of access to credit cards for the younger members of the cohort. Email marketing experts should take notes and improve their strategy when it comes to converting Gen Z customers. Over a third of consumers (36.4%) have never made a purchase because of an email. 28.5% of Gen Z members say that an email has persuaded them to make a purchase 2-5 times a month. Another 27.9% purchased only once, 5.9% said email has enticed them to buy something 6-10 times a month, and only 1% did so 11 or more times.

  • 54% of Gen Z-ers want control over the personal information they share.
  • Hav­ing wit­nessed their par­ents’ strug­gles, this gen­er­a­tion is dri­ven by prag­ma­tism and security.
  • Amelia is a Senior Content Marketing Manager at GWI.
  • Ethical considerations include human rights, the climate and environment, and an inclusive culture.
  • Working independently allows Gen Z to showcase their skills and abilities shining a light on their contributions.
  • A preference for authenticity and a realistic narrative means that Generation Z has a soft corner for influencer marketing specialists.
  • This includes much of the time spent on social media.

With Gen Z having such enormous spending power, one might ask how exactly this generation shops. Do they have a tendency to spend more or less than millennials? Prior to joining Forage, she wrote and edited career and workplace content for Fairygodboss, the largest career community for women. Gen Z is busting the old-school career myth that you have to “put in your time” at a job before changing to a new role.

Gen Z spends 24-48 hours per month on TikTok

EY asked 1,509 Gen Zs if they think life will be better, worse, or the same for future generations of Americans. 43% said life would get better, 32% that life would get worse, and 25% that things would stay the same for Generation Alpha and beyond. Gen Zs are growing up in a world that is changing at a break-neck pace.

Key facts about gen Z

67% of Gen Z-ers prefer seeing real people in advertisements. Statistics about Generation Z show that by 2025, this age group will account for 85 million of all US consumers. 81% of US Gen Z adults consider money the biggest stress factor. 76% of Gen Z members describe themselves as capable of driving their careers.

They could be the best educated generation in history.

They want to have a blend of multiple jobs and side hustles they can work on interchangeably throughout the day and even after 5 p.m. As public schools focus on academics, males increasingly see them as irrelevant. They can’t connect the dots between the subjects they take and a future they envision for themselves.

Key facts about gen Z

More than half (52%) of Gen Z-ers trust social media influencers regarding products or brand advice. One in four Gen Z women learns about new products/services via social media influencers. Other Gen Z statistics indicate that members of this generation are 56% more likely to try a product that their favorite influencer has recommended.

Cost of living is the top concern of almost 1/3 of Gen Z

Since education feels tailored for females, consequently 60 percent of students enrolled in college are women. This could flip executive job opportunities and reverse the income gap. The Millennials are a generation who experienced an up-economy during https://xcritical.com/ their childhood but a declining one as they came of age. Generation Z is a population that endured a down economy during childhood but are hopeful it will be up as they come of age. Commerce changed rapidly, and information has increased each year.

They’re the first generation in which women had greater levels of education than men, and they are known for having a lot of personal debt. Many of the parents of best crypto trading platform Gen Xers were divorced or checked out due to being focused on their careers. Gen Xers have tended to marry later and divorce sooner than previous generations.

E-Waste: Key Insights and Practices that Businesses Can Adopt

Several studies show the top US brands are the ones that share the same values as their customers. The Gen Z audience represents a lucrative opportunity for brands that can connect with them and influence their shopping habits. This generation is known for being savvy and resourceful in using social and digital apps. They are also highly independent and value transparency. Snapchat and Facebook are less popular with Generation Z—they still get used, but not as much as the frontrunners.

Key facts about gen Z

These figures alone prove that, especially when it comes to Gen Z, investing time, money, and effort into social media advertising should be a top priority for brands in 2022 and beyond. After all, the first step to reaching your target audience is to be at the same place they are at. But keep in mind they don’t just use social media to communicate and stay up to date with the latest news; they also use it to do research on products or brands and make purchase decisions.

Get a financial picture from parents

As the do-gooders of the century reveal that 56% believe they are socially responsible, and more than half buy goods produced by eco-friendly and socially responsible brands. Is that they are the first digitally native age group, i.e. they grow up with technology. 31% of young internet users state that an email marketing campaign doesn’t affect their purchasing decisions. Zoomers spend 6% more on alcoholic beverages than millennial consumers.

General Gen Z Trends

Gen Z is the country’s most ethnically and racially diverse generation. A full 99% of Gen Z say workplace DEI is important, and 87% say it’s very important, according to Tallo. To establish trust, brands must speak Gen Z’s language and understand its values. It’s time to focus on more inclusive advertising and work with people that are part of Gen Z.

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