Teen Makeup and Beauty Spending Statistics
I came across very interesting article today about the steep decline in teen beauty and makeup spending this year. According to Yahoo Finance reports teen’s spent 20% less on makeup in Fall 2019 than they did the previous year. It got me wondering if Gen Zers are spending so much less what about millennials and Gen Xers" I personally feel like the makeup and beauty industry has gone flat. The bubble has burst and people are starting to wake up and realize that they’d rather purchase quality over quantity. We’ve been conditioned to not jump on all the new releases because we know at some point they’ll go on sale, we have plenty of nude, neutral eyeshadows and we don’t need another one, and we realize that having a lot of makeup isn’t akin to having fewer pieces that are of good quality. Some interesting statics for this study put males at nearly 16 years old being the biggest spenders in the beauty industry at 54% and the other 45% being female. Another interesting factor is the brick and mortar store may not be dead because 91% of teenager girl said they’d rather shop in stores rather than online. I wonder if this could be because they have more access to cash versus a debit or credit card. I got my first credit card when I was 21 but today’s youth is a lot more advanced than I was growing up so, I could be the only thinking they shop in store versus online due to lack of plastic.
One of the most interesting aspe...
Fuente de la noticia:
musingsofamuse
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http://www.musingsofamuse.com/
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