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1 May 2023
Unlocking Gen Z’s luxury spending power in 2023
Vogue Business
Forty-five percent of survey respondents said they had felt a sense of buyer’s remorse from emotional spending and 59 percent said that these feelings have now caused them to want to cut back on spending overall. Unsurprisingly, consumers who reported spending the most are those who feel the most buyer’s remorse, accounting for 56 percent of Gen Z and 52 percent of Millennials.
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