Don't target Millennials after all
What?? Don’t target Millennials?? But they're young and hip and experiential and values-driven!
Oh, and broke.
Anyone looking at the numbers could've seen this: low wages + low job security + high debt + high rent + high health care = low wealth & low spending power.
And in another shocker: it turns out their values are, perhaps, because of their economics:
experiences over things
renting over buying
gigging over stable jobs
airbnbing over hotels
a few things that last over many expensive things
DTC bargains over established brands
Thank god Gen Z cares about brands with a purpose and being eco-friendly and.... oh wait.....
Why targeting Millennial consumers might not be such a hot idea after all