Zconomy Mar 09, 2015 gen z spending ownership peer-to-peer sharing economy ... to approximately 2 million students in schools nationwide. At the same time, their Work in Progress mindset provides them with the flexibility to recognize when they need to “pivot.” They will know when to walk away from belongings in order to best fit not only their lifestyles but their budgets, too. ACTION ITEMS Zs are knowledgeable about conducting peer-to-peer resale transactions, but there is also an opportunity for brands to facilitate such through their own social resale platforms, as ...
Cultural Diplomats Sep 10, 2014 food & beverage global travel local culture peer-to-peer tourism vacation ... —an aspiration that the peer-to-peer travel market has helped fuel. As early adopters of P2P services like Airbnb and Couchsurfing, GYs now possess widespread access to affordable, noncommercial alternatives to traditional travel mainstays like budget hotels and generic tour groups, meaning they don’t have to settle for a sanitized cultural experience. Instead, they can connect directly with locals for insider guidance. By cutting out middlemen, both traveler and host are empowered to engage with ...
Cashless Is King Sep 11, 2017 money technology banking mobile payments ... cash. While Ys have rapidly adopted a digital-first mindset for finances, it’s all Zs have known. For both generations, digital money feels more “real” than cash, which is starting to take on a “Monopoly money” aura. Paying for products and services digitally is simply easier, and many young people value that convenience in spite of any perceived risk, such as account hacking. To that point, 52% of youth have used or are interested in using peer-to-peer payment systems like Venmo and Square. In the ...
Hi & Buy Jun 15, 2017 retail apps e-commerce shopping video ... -stream auctions have become popular in Singapore, while dedicated live-stream shopping apps are emerging for peer-to-peer buying and selling, in-message online shopping with friends, and as a way for brands to connect in-store employees with online customers (see examples below). Live online shopping apps are providing consumers with the feeling-over-function experience that has become so important in-store, while still offering a working shopping interface. For Zs, being connected with an experience ...
The Monetization Generation Jun 24, 2017 gen z money spending finance saving ... spending, and more drive to be financially independent and secure, many Zs feel a responsibility to educate themselves about the economy and determine how they can best benefit from it. Zs have emerged as The Monetization Generation—a cohort that’s highly adept at value manipulation and manufacturing money for themselves. Refusing to let their age hold them back, they’re finding ways to profit through informal systems, such as the peer-to-peer marketplace, as well as from more formal systems ...
Social By Design Mar 08, 2016 design collaborative consumption coworking spaces politics NOwners ... together.Marketing messages should emphasize inclusivity over exclusivity as young people’s pro-social mindset is leading them to gravitate towards companies that share their collaborative spirit. - PEER-POWERED SHARING - Popular file hosting service Dropbox has obtained a patent for peer-to-peer synchronization, allowing users to securely share files across different devices without uploading them to the company’s centralized servers. The move was made to improve download speed, while ...
Alt Pay Mar 10, 2014 retail technology e-commerce local mobile social media ... retailers across the US.Mobile wallet app Kuapay works with brands to create built-in loyalty systems and pre-pay options for easier purchasing.Venmo links to users’ bank accounts and social networks, allowing for seamless transactions between Facebook friends and email contacts. The interface features a Facebook-like feed of recent expenses and payments between friends. - PAY-MAIL - New platforms make it easier to exchange cash among friends and enable simple peer-to-peer payments for early-stage ...
Retail 2.0: Youth Outlook On Luxury Jun 17, 2019 ... making luxury items a visual reinforcement of their unique personality. What’s more, Ys and Zs have new avenues of ownership for products that were once too expensive or otherwise inaccessible: they’ve embraced the sharing/upcycling economy wherein they’re renting or buying luxury items to suit their creative image. With the rise of the rental market and the peer-to-peer economy, youth are subscribing to new pieces and/or reselling their old ones when they feel they’re evolving past their current ...
Dollars And Sense Sep 07, 2015 money banking debt finance saving ... of course there are exceptions, traditional financial institutions have failed to cater to three key generational traits of today’s young adults: their desire for instant gratification, their expectation for thoughtful personalization, and their pursuit of digital education resources to complement their real-world learnings. For example, whereas a mobile app from a major national bank may take three or four days to deposit a check, a peer-to-peer lending app lets them borrow or send funds to ...
Asking Price Sep 12, 2017 money retail spending deals shopping ... ). Beyond businesses such as Ebay, Priceline, and OfferUp that are designed for consumers to name the price they’re willing to pay, peer-to-peer platforms for shopping such as Etsy and Instagram also allow for negotiating between the seller and buyer. This behavior is creeping into their habits with traditional retailers: many young people feel emboldened to demand discounts at the counter. As 19-year-old Alistair from Australia noted in our qualitative research, “One of my favorite shopping activities ...
