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Black Friday is increasingly driven by younger shoppers, with Gen Z and millennials planning most of their holiday purchases on that day, even as overall spending is expected to fall. Surveys from AT&T, PwC, and Deloitte show tighter budgets and a shift toward small businesses as consumers seek value. Financial pressure is pushing shoppers to be more intentional this season.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Black Friday is shaping up to be a bigger event for younger shoppers, according to CNBC.
00:07AT&T Business' 2025 Holiday Shopping Survey shows that 40% of Gen Z and 32% of millennials
00:14plan to do most of their shopping on that day.
00:16Older generations prefer to buy gifts later in the season.
00:20PWC reported that Gen Z plans to spend 23% less this year, the sharpest drop of any age group.
00:26A new Deloitte survey found that overall Black Friday, spending is expected to fall by 4%
00:32due to financial pressures.
00:34AT&T's survey found that consumers are shifting towards small businesses, with 77% saying they
00:39would shop there exclusively if prices matched larger retailers.
00:43AT&T said shoppers are approaching the holiday season with a more intentional, value-focused
00:48mindset.
00:49For all things money, visit Benzinga.com.
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