• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

2

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

3

Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds

1

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

2

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

3

Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
CommentaryRetail

Data shows Gen Zers are finally ready to spend more–but it’s getting harder to sell them anything

By
Dara A. Busch
Dara A. Busch
Down Arrow Button Icon
By
Dara A. Busch
Dara A. Busch
Down Arrow Button Icon
March 11, 2024, 8:15 AM ET
Gen Z spending is being fueled by inflation, a tight labor market, and strong wage growth.
Gen Z spending is being fueled by inflation, a tight labor market, and strong wage growth.Gabby Jones—Bloomberg/Getty Images
Add Fortune on Google for similar content.

After a few recent years of tightened budgets, Gen Z is finally showing some signs of increased spending. Great news for brands, right? Maybe. Shoppers in this rising generation are now ready to splurge on their favorite products, but it comes at a price. Gen Z’s bar for what they’ll buy has gotten a lot higher, and it’s going to take more than one-off sales tactics and digital offers to win them over.

Over the last five to 10 years, convenience was a primary purchase motivator among shoppers. Every year, we survey a sample of 2,005 US consumers to get a sense of buying habits. According to this year’s Consumer Culture Report, it’s getting harder and harder to persuade today’s shoppers, and even more difficult to identify which channels are breaking through to them. We’re all dealing with content overload. And Gen Z can now be pickier purchasers. The result? Brands need to consistently message across every channel. They need to create a storytelling journey across TikTok, email, streaming networks, in-store, and more. They need to be everywhere that their buyers are, and the messages used across these channels need to be channel-specific, but also tell a cohesive, authentic narrative. 

In a world inundated with choices and overflowing with information, brand recognition, and a unified, multi-channel messaging strategy are re-emerging as the linchpins of successful marketing. The full findings from the report not only underline this important shift for brands looking to win over Gen Z, they also bring forward several new, specific trends in what today’s shoppers are looking for. 

Peer pressure is everything

Perhaps the most intriguing revelation is that for most consumers, word of mouth remains the primary driver of purchasing decisions. It encompasses recommendations from friends and family, but for those under 55, it also extends to user-generated content across social media. Online customer reviews and testimonials come in a close second, while celebrity endorsements wield far less influence. 

In-store shopping is back in full force

Consistency in messaging across every channel is paramount in optimizing the consumer shopping experience. Surprisingly, nearly 50% of Gen Z now prefers in-store browsing, signaling a departure from the convenience-focused online shopping habits of previous years. It’s a shift towards a more hands-on, personal connection with their favorite brands. According to the report findings, the top three ways brands could consider enticing younger shoppers to shop in-store are with exclusive in-store deals (46%), exclusive in-store products (40%), and aesthetics/store setup as an experience or destination (39%).

Spending more on health, wellness, and travel

While electronics and technology ranked as the highest splurge category in the study across all ages except for the 35-to-44 demographic, health and wellness was also ahead of the pack, and travel and excursions is gaining significant momentum. However, without persuasive messaging across all channels in these two growing categories, it’s clear from the findings that marketers may miss the opportunity to convert potential customers.

The report reveals that consumers often overestimate their planned spending, underscoring the importance of clear brand messaging. They want to invest in themselves, so it makes sense they are spending generously in categories like health and wellness. But for brands to convert consumer spending desires to actual purchases, it all falls to how they message the value proposition of that trip or experience on personal well-being. This is a key area for travel and experience brands, as well as brands in other categories, to explore in their messaging this year and beyond. 

Other notable findings from the 2024 Consumer Culture Report include a preference for micro-influencers over macro-influencers and celebrities among younger consumers and a tendency for consumers aged 15-44 to splurge rather than save in their top categories. 

It’s evident that the modern consumer is seeking a seamless, consistent brand experience that transcends channels. In this era of information overload, the power of word-of-mouth and unified messaging cannot be overstated. Brands that embrace this multi-channel brand experience will thrive in the ever-evolving world of consumer culture.

Dara A. Busch is the co-CEO of 5WPR.

More must-read commentary published by Fortune:

  • Here’s how the U.S., Europe, and China are faring in the post-pandemic race for economic growth
  • Global trade is at a critical juncture–and we can’t take it for granted, WTO meeting chair warns
  • The U.S. housing market is headed into a pivotal spring season as home sellers wait for their sweet spot, according to Opendoor
  • The anti-DEI movement has gone from fringe to mainstream. Here’s what that means for corporate America

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

About the Author
By Dara A. Busch
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Commentary

ds
CommentarySoftware
I argued with the father of open source for 2 years. Now the AI fight is the same — only bigger
By David SiegelJuly 3, 2026
9 hours ago
ashok
Commentary250 Years of Innovation
The greatest startup in history: What we can learn from America’s founders at today’s AI frontier
By Ashok N. SrivastavaJuly 3, 2026
9 hours ago
2
Commentary250 Years of Innovation
America’s secret weapon isn’t just innovation — It’s the freedom to fail
By Keith KrachJuly 3, 2026
11 hours ago
rn
CommentaryCryptocurrency
Former Iran director at NSC: Crypto legislation is a ticket to sanctions evasion
By Richard NephewJuly 2, 2026
1 day ago
m
Commentary250 Years of Innovation
McKinsey chairs: Building a more resilient industrial base may require $2 trillion in investment
By Eric Kutcher and Shubham SinghalJuly 2, 2026
1 day ago
em
Commentary250 Years of Innovation
America’s 250th birthday has Elon Musk and a record IPO. Its 15th had Alexander Hamilton — and a stock market bubble
By Owen LamontJuly 2, 2026
1 day ago

Most Popular

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
Law
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
By Wyatte Grantham-Philips and The Associated PressJuly 2, 2026
1 day ago
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
AI
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
By Nick LichtenbergJuly 3, 2026
14 hours ago
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
Economy
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
By Sasha RogelbergJuly 2, 2026
1 day ago
On Wall Street, analysts increasingly don’t believe the U.S. government’s 'misleading' job numbers
Economy
On Wall Street, analysts increasingly don’t believe the U.S. government’s 'misleading' job numbers
By Jim EdwardsJuly 3, 2026
10 hours ago
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii
Success
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii
By Sasha RogelbergJuly 2, 2026
1 day ago
Current price of oil as of July 2, 2026
Personal Finance
Current price of oil as of July 2, 2026
By Joseph HostetlerJuly 2, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.