Millennials will have an estimated $170 billion to spend per year, according to Forbes. However getting them to spend it may not be as easy, as IRI Worldwide reported that 87% place cost as a key driver behind their brand selection compared to 70% for brand reputation.
The infographic below, from TFM&A Insights, also looks at other key stats for the millennial generation:
If you enjoyed this article, sign up for free to our twice weekly editorial alert.
We have six email alerts in total - covering ESG, internal comms, PR jobs and events. Enter your email address below to find out more: