Gen Alpha’s Influence on Millennial Spending Power Predicted to Be Swift and Impactful

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Gen Alpha’s Influence on Millennial Spending Power Predicted to Be Swift and Impactful
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DKC’s recent consumer survey of Millennial parents explores the young generation’s spending habits, favored brands and online behaviors.

, but new research suggests that brands and retailers would be smart to start counting them in. According to a new consumer survey conducted by DKC Analytics Group, the public relations, marketing and government affairs firm, of more than 1,000 American parents of Gen Alpha children about the behaviors and influence they have on household purchase decisions, Gen Alpha’s opinions hold a lot of power.

) are impacted by their child’s opinions about half the time . Almost all of Gen Alpha parents are learning about new brands, products or services from their children. Millennial parents told the company that they have been teaching their Gen Alpha children the importance of money management and 76 percent said their child is financially savvy and better at making consumer decisions than they were at the same age. Eighty-four percent of parents said they are surprised by their Gen Alpha child’s shopping savvy.

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