Published On Oct 13, 2024, 5:01 AM
The article discusses how millennials and Gen Z prioritize personal growth and are willing to spend on hobbies and experiences rather than just necessities. This trend highlights a cultural shift in consumer behavior, where younger generations are more inclined to invest in self-improvement products and activities that enhance their quality of life and fulfillment.
As millennials and Gen Z continue to prioritize spending on personal growth and experiences, companies that cater to these markets, especially in sectors like wellness, education, and lifestyle products, may see an increase in demand.
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Conversely, traditional retail sectors that focus on non-experiential goods may struggle as younger consumers allocate their budgets towards more fulfilling purchases.
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