15min chapter

The McKinsey Podcast cover image

Think you know what consumers want? Think again.

The McKinsey Podcast

CHAPTER

Consumer Behavior Trends Across Age Groups and Economic Status

The chapter delves into consumer behavior trends across different age groups and economic statuses, highlighting how younger consumers are optimistic about the economy and willing to spend on premium products, while affluent older consumers prefer experiential categories like travel. It discusses how middle-class consumers are still splurging on quality of life enhancements despite rising costs, emphasizing shifting priorities towards value for money, sustainability, wellness products, and brand exploration post-pandemic.

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