
Circana Report Reveals Shifting Generational Tides In Consumer Spending
The report details the current and future state of generational spending power. While baby boomers and Gen X currently dominate retail with a combined 65% share of spend, a massive transfer of wealth is poised to make millennials the wealthiest generation in history. The research also provides an early look at Gen Alpha, the most digitally savvy generation ever, whose economic impact is already valued at $1 trillion globally.
“A profound shift in consumer influence is underway, and understanding the 'why' behind purchasing decisions is no longer optional - it's essential for growth,” said Sally Lyons Wyatt, global executive vice president and chief adviser for Circana.“Our research provides a clear road map for brands to connect authentically and effectively with each cohort, from Gen Alpha to baby boomers, by uncovering their unique values and priorities.”
“The Aging Arc” also introduces distinct generational buying personas, identifying what drives purchasing decisions for each group. The findings show that Gen Z buys into“identity,” millennials into“lifestyle,” Gen X into“functionality” and boomers into“comfort.” The report identifies top-indexing product categories for each, ranging from video games and beauty for Gen Z to home improvement and pet care for boomers. Looking ahead, Circana projects that by 2030, Gen Z and millennials will drive 60% of retail sales growth, underscoring the urgency for brands to adapt their strategies now.
About Circana
Circana is a leader in providing technology, AI and data to fast-moving consumer packaged goods companies, durables manufacturers and retailers seeking to optimize their businesses. Circana's predictive analytics and technology empower clients to measure their market share, understand the underlying consumer behavior driving it and accelerate their growth. Circana's Liquid Data® technology platform is powered by an expansive, high-quality data set and intelligent algorithms trained on six decades of domain expertise. With Circana, clients can take immediate action to future-proof and evolve their growth strategies amid an increasingly complex, fast-paced and ever-changing economy. Learn more at circana .

Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Pepeto Presale Exceeds $6.93 Million Staking And Exchange Demo Released
- Citadel Launches Suiball, The First Sui-Native Hardware Wallet
- Luminadata Unveils GAAP & SOX-Trained AI Agents Achieving 99.8% Reconciliation Accuracy
- Tradesta Becomes The First Perpetuals Exchange To Launch Equities On Avalanche
- Thinkmarkets Adds Synthetic Indices To Its Product Offering
- Edgen Launches Multi‐Agent Intelligence Upgrade To Unify Crypto And Equity Analysis
Comments
No comment