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:
PR Masterclass: The Intersection of PR and GEO
Wednesday 25th February, both virtual and in person tickets are available.
PR MasterclassIf 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: