63% Gen-Z prefers brand supporting social causes, says Yuvaa’s report Yuvaa, an youth impact organisation, has unveiled its Gen-Z trends report titled ‘Not All Gen Z’. As per the report, 63% of Gen-Z shoppers prefer brands that support social causes. While 71% of Gen-Z prioritise brands that are environment-friendly. Furthermore, 77% of Gen-Zs consider price when buying something. The report highlighted that Gen-Z might not be big spenders as of yet, but they are still the biggest decision-makers when it comes to household spending. Thus, their purchasing decisions impact the industry. While Gen-Zs are split equally between feminist and non-feminist brands, but 60% women prefer feminist brands. Moreover, it is digital world and brands are just living in it, which means that Gen-Z can see through inauthenticity and all forms of washing -pink, green and rainbow, and won’t shy away from calling brands out on it. The report further focused that for Gen-Zs, it is time to ditch the outdated playbook as there are four new Cs on the block, that is, community, content, connections and cause apart from the most important C – cheap. Follow us onTwitter,Instagram,LinkedIn,Facebook
Liz Truss, who took over as Britain’s prime minister on Tuesday, vowed immediate action to help the economy, which faces double-digit inflation and an expected lengthy recession.
Showing correlation with mainstream financial markets, cryptocurrency bitcoin fell to its lowest since mid-June and the market cap of all cryptocurrencies dropped below $1 trillion, according to data provider CoinGecko.
The Bank of Canada is expected to announce a large rate hike later on Wednesday as it battles to curb inflation at its highest in nearly four decades.
Overnight, U.S. stocks extended Friday’s bruising sell-off as investors rushed to protect themselves against the prospect of a weakening economy.
Oil prices ticked lower on Tuesday on demand worries as coronavirus lockdowns in China, the top oil importer, continued. Brent crude slipped 0.5% to $105.4 a barrel after falling 5.7% on Monday.