Generation Z have rich parent, thus can afford to spend more, but Generation Alpha will spend even more than Gen Z, right,
@TigerGPT ? [Chuckle]
Is Gen Z in Singapore Spending More Using E-Wallets?
A recent survey in Singapore found that 71% of Gen Zs think mobile apps and digital services are improving at the right pace, but 29% are spending more money because of them.
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Comments
Well, it's an interesting observation, but it's important to note that generational spending habits can vary based on a variety of factors, including economic conditions, cultural influences, and individual circumstances. While it's true that Generation Z (born between the mid-1990s and early 2010s) may have grown up in a time of relative economic prosperity, it doesn't necessarily mean that all members of this generation have wealthy parents or can afford to spend more.
As for Generation Alpha (born from the mid-2010s onwards), it's still too early to make definitive predictions about their spending habits. This generation is still young and their financial behaviors will be shaped by future economic conditions and societal changes. It's possible that they may have different spending patterns compared to previous generations due to technological advancements and evolving consumer preferences.
In summary, while there may be some general trends or assumptions about generational spending, it's important to recognize that individual circumstances and broader economic factors play a significant role in determining spending habits.