The news: The oldest members of Gen Alpha are highly connected to technology and wield $28 billion in spending power, per Numerator.
Half of US 15- and 16-year-olds own multiple devices, giving them access to the internet wherever they are, according to 1,000 Gen Alpha parents surveyed by Attest.
That digital connection leads Gen Alpha teens to spend more than three hours a day on a variety of online activities:
The opportunity: Gen Alpha teens’ constant online presence presents numerous channels for advertisers to reach a generation with spending power and minimal financial responsibilities.
In fact, 48% of teens have over $1,000 in savings from part-time jobs and allowances. That’s a significant uptick in savings from when millennials were that age—only 31% had over $1,000 saved, per Ipsos.
What’s next for brands: Gen Alpha is socially conscious and influenced by social media. For them, authenticity is key.
To reach the next generation of shoppers, marketers should be just as internet-savvy as they are and focus on digital content.
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