❮ Return to Blog

What Gen Z Teaches Us About Holiday Shopping

What Gen Z Teaches Us About Holiday Shopping

Estimated reading time: 3 minutes

Early Birds

Have you started on your holiday shopping yet? If so, it might say more about your age than you think.

New data shows younger adults, aged 19-29, are the most open to starting their holiday shopping early in the season — especially if it means securing a deal, according to Gallup.

By the Numbers

While 59% of consumers don’t plan to start shopping until November or even December, more than a quarter of holiday shoppers plan to get a head start on buying gifts in September. And almost half of younger shoppers are open to shopping early, as long as it means getting a deal.

Part of the reason for the increasingly earlier holiday shopping spree may be the rise of e-commerce. Gallup found 93% of holiday shoppers will purchase at least some gifts online this year.

Scoring Deals

We’re far from Black Friday, but shopping deals are definitely upon us. Amazon (AMZN), Costco (COST), Walmart (WMT), and other major retailers have already initiated holiday sales.

The sky-high inflation over the past years has affected people’s shopping behavior. As many retailers plan on offering discounts for longer it might help consumers spread out their purchases.


Disclaimer
SoFi Securities (Hong Kong) Limited and its affiliates (SoFi HK) may post or share information and materials from time to time. They should not be regarded as an offer, solicitation, invitation, investment advice, recommendation to buy, sell or otherwise deal with any investment instrument or product in any jurisdictions. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
SoFi HK does not make any warranties about the completeness, reliability and accuracy of this information and will not be liable for any losses and/or damages in connection with the use of this information.
The information and materials may contain hyperlinks to other websites, we are not responsible for the content of any linked sites. The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi HK. These links are provided for informational purposes and should not be viewed as an endorsement. The risk involved in using such hyperlinks shall be borne by the visitor and subject to any Terms of Use applicable to such access and use.
Any product, logos, brands, and other trademarks or images featured are the property of their respective trademark holders. These trademark holders are not affiliated with SoFi HK or its Affiliates. These trademark holders do not sponsor or endorse SoFi HK or any of its articles.
Without prior written approval of SoFi HK, the information/materials shall not be amended, duplicated, photocopied, transmitted, circulated, distributed or published in any manner, or be used for commercial or public purposes.

Share

About SoFi Hong Kong

About SoFi Hong Kong

SoFi – Invest. Simple.

 

SoFi Hong Kong is the All-in-One Super App with stock trading, robo advisor and social features. Trade over 15,000 US and Hong Kong stocks in our SoFi App now.