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Gen Z Will Change the World (Vol.3) eBook

Marketing eBook series that reveals how Gen Z are changing the world and why brands need to respond

Marketing eBook series that reveals how Gen Z are changing the world and why brands need to respond

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STATE OF THE YOUTH NATION<br />

<strong>Gen</strong> Z <strong>Will</strong><br />

<strong>Change</strong> <strong>the</strong> <strong>World</strong><br />

<strong>eBook</strong> Series <strong>Vol.3</strong> / 3<br />

Originally produced by YouthSight*<br />

SAVANTA.COM<br />

m a k e b e t t e r d e c i s i o n s


Savanta is a full-service global market research and data insight<br />

company that helps busisnesses make better decisions.<br />

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better.decisions@savanta.com<br />

+44(0)20 7632 3434


G E N Z W I L L C H A N G E T H E W O R L D V O L . 3<br />

Who are <strong>Gen</strong> Z<br />

in 2021?<br />

We describe <strong>Gen</strong> Z as <strong>the</strong> generation<br />

of young people born from 1995<br />

onwards.<br />

As of today (2021) <strong>the</strong> oldest are<br />

currently 26 years old.<br />

*This <strong>eBook</strong> was originally produced<br />

by <strong>the</strong> YouthSight team - who are<br />

now part of Savanta<br />

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G E N Z W I L L C H A N G E T H E W O R L D V O L . 3<br />

No o<strong>the</strong>r research agency<br />

knows more about <strong>Gen</strong> Z<br />

Our bespoke research is informed by<br />

exclusive tracking data from <strong>the</strong> UK's<br />

leading <strong>Gen</strong> Z insight tracker, State of<br />

<strong>the</strong> Youth Nation.<br />

This <strong>eBook</strong> provides <strong>the</strong> stories and<br />

patterns that have emerged from our<br />

tracking data to reveal how <strong>Gen</strong> Z love<br />

to spend <strong>the</strong>ir free time. Read on to<br />

learn how <strong>Gen</strong> Z are effecting change<br />

and how you can use this insight to<br />

shape your marketing strategy.<br />

Savanta was born when eight best-in-class agencies, all specialists<br />

in <strong>the</strong>ir fields, joined forces to offer big agency benefits, while<br />

retaining a refreshingly boutique mindset.<br />

Since conception, we’ve expanded our sector expertise by adding<br />

more agencies to our family.<br />

The result? A full range of integrated intelligence services at global<br />

scale, married to deep sector, issue and methodological expertise,<br />

delivered with an entrepreneurial spirit and client-first mindset.<br />

All to help our clients. Make Better Decisions.<br />

2


G E N Z W I L L C H A N G E T H E W O R L D V O L . 3<br />

What's covered in<br />

this <strong>eBook</strong>...<br />

<strong>Gen</strong> Z will change:<br />

The way we value data<br />

The way we trust<br />

How we think about our minds &<br />

bodies<br />

How we bring purpose to our<br />

lives<br />

3


G E N Z W I L L C H A N G E T H E W O R L D V O L . 3<br />

<strong>Gen</strong> Z will change <strong>the</strong><br />

way we value data<br />

They say that data is <strong>the</strong> ‘new natural<br />

resource’ and with everyone sharing,<br />

tracking and analysing <strong>the</strong>ir personal<br />

data, <strong>the</strong> current trend to personalise<br />

products and experiences is about to<br />

go into overdrive.<br />

Personal data is a big business as it<br />

allows brands to personalise <strong>the</strong>ir<br />

consumers' experience to sell more<br />

products and services.<br />

66 %<br />

DID YOU KNOW...<br />

6 6 % o f G e n Z u s e<br />

t e c h n o l o g y t o<br />

m o n i t o r t h e i r l i f e<br />

( e . g . f i t b i t )<br />

Source: State of <strong>the</strong> Youth Nation, April<br />

2019, n=1036<br />

Research has found that by offering a<br />

personalised experience online, 49% of<br />

consumers spontaneously bought<br />

something.<br />

4


G E N Z W I L L C H A N G E T H E W O R L D V O L . 3<br />

Personal data will<br />

become <strong>the</strong> new<br />

global currency<br />

The future isn’t about using data to<br />

sell more products and services, <strong>the</strong><br />

future is about using personal data as<br />

a way to buy products and services.<br />

These companies have already<br />

created Personal Data Exchanges to<br />

help people monetise <strong>the</strong>ir personal<br />

data.<br />

In <strong>the</strong> future, people may swap <strong>the</strong>ir<br />

date of birth for an ad free version of<br />

an app and as we already know how<br />

valuable personal data is, it's just a<br />

matter of when transacting with<br />

personal data will go mainstream.<br />

How will you use personal data in<br />

your organisation?<br />

5


G E N Z UW NI L L I KC EHL Y A NC GO E UTP HL IE N GW O R L D V O L . 3<br />

<strong>Gen</strong> Z will change<br />

<strong>the</strong> way we trust<br />

People talk about<br />

trust being at an all<br />

time low and you just<br />

have to look at official<br />

sources like <strong>the</strong><br />

Edelmen Trust Index<br />

to see that that 6 in 10<br />

Britons believe that<br />

<strong>the</strong> government<br />

doesn't listen to<br />

people like <strong>the</strong>m.<br />

And if you look at <strong>Gen</strong><br />

Z, <strong>the</strong> picture gets<br />

worse.<br />

We now live in a fact<br />

checking age with<br />

sites like Snopes.com<br />

helping <strong>the</strong> public<br />

check whe<strong>the</strong>r <strong>the</strong><br />

content <strong>the</strong>y see,<br />

read and hear is true.<br />

DID YOU KNOW...<br />

6 7 % o f G e n Z s a y t h e i r t r u s t<br />

i n t h e g o v e r n m e n t i s a t a n a l l<br />

t i m e l o w<br />

Source: State of <strong>the</strong> Youth Nation, June 2019, n=1034<br />

6


G E N Z W I L L C H A N G E T H E W O R L D V O L . 3<br />

But it's not that<br />

simple...<br />

In <strong>the</strong> future, transparency<br />

will be even more key<br />

Fake news (i.e. someone making a<br />

claim that something is false) is one<br />

thing. A game of he said, she said.<br />

What's more worrying is that we have<br />

Deep Fakes – where words and actions<br />

can be manipulated – so you can’t<br />

believe what’s in front of your eyes.<br />

<strong>Will</strong> <strong>Gen</strong> Z's starting point be<br />

distrust?<br />

And if <strong>the</strong> starting point is<br />

distrust, what does that mean for<br />

our faith in brands?<br />

How will you prove <strong>the</strong> validity of<br />

what you are communicating?<br />

7


G E N Z W I L L C H A N G E T H E W O R L D V O L . 2<br />

G E N Z W I L L C H A N G E T H E W O R L D V O L . 3<br />

<strong>Gen</strong> Z will change <strong>the</strong> ways we think<br />

about our minds and bodies<br />

<strong>Gen</strong> Z carry with <strong>the</strong>m a sense of being<br />

vulnerable. There’s been lots of<br />

discussion in <strong>the</strong> media about an<br />

epidemic of mental health issues<br />

affecting <strong>the</strong> young.<br />

<strong>Gen</strong> Z have pivoted from <strong>the</strong> 'body<br />

beautiful' to 'strong not skinny' –<br />

refocusing heir attention to wellness<br />

and self-care.<br />

They are taking a more holistic view of<br />

<strong>the</strong>ir health, appreciating <strong>the</strong><br />

interconnectedness of <strong>the</strong> body and<br />

mind.<br />

DID YOU KNOW...<br />

1 in 4<br />

o f G e n Z p r a c t i s e<br />

m i n d f u l n e s s /<br />

m e d i t a t e w e e k l y<br />

Source: State of <strong>the</strong> Youth Nation<br />

February 2019, n=1034<br />

8


G E N Z W I L L C H A N G E T H E W O R L D V O L . 3<br />

<strong>Gen</strong> Z are not afraid of turning to<br />

technology to optimise <strong>the</strong>ir health<br />

Project Underskin is a concept from<br />

<strong>the</strong> creators of FitBit which involves<br />

<strong>the</strong> implantation of a digital tattoo<br />

that acts like an Apple Watch. It lights<br />

up in different patterns to display realtime<br />

biometric data and acts as an<br />

identity key for your digital life.<br />

However, <strong>the</strong>re will always be new<br />

cosmetic procedures and new medical<br />

advances. For example, genetic<br />

modification has only just begun...<br />

<strong>Will</strong> <strong>Gen</strong> Z ever be satisfied that <strong>the</strong>y<br />

have reached optimum health or will<br />

<strong>the</strong>y keep striving for more?<br />

9


G E N Z W I L L C H A N G E T H E W O R L D V O L . 3<br />

<strong>Gen</strong> Z will change how we<br />

bring purpose to our lives<br />

A large part of how we bring purpose<br />

to our lives comes from our education<br />

and employment.<br />

More young people than ever, as a<br />

proportion of <strong>the</strong> population, are<br />

getting a university education. In <strong>the</strong><br />

UK alone, it has increased from around<br />

18% in 1970 to nearly 50% now.<br />

Employability is consistently cited as<br />

<strong>the</strong> second most important reason for<br />

going to university and proving<br />

employability is now key to every<br />

universities' marketing strategy.<br />

DID YOU KNOW...<br />

E m p l o y a b i l i t y i s<br />

t h e s e c o n d m o s t<br />

i m p o r t a n t r e a s o n f o r<br />

g o i n g t o u n i v e r s i t y<br />

Source: Undergraduate Success Tracker<br />

1


But what will <strong>the</strong> role of education be<br />

when AI will be able to do everything any<br />

person has ever done?<br />

A survey of experts at an AI conference<br />

predicted that AI will be able to<br />

perform any intellectual task a human<br />

can by 2050.<br />

This will redefine <strong>the</strong> jobs landscape,<br />

potentially eradicating many traditional<br />

entry level jobs for young people and<br />

hitting many established careers and<br />

professions like accounting, medicine<br />

and law.<br />

<strong>Gen</strong> Z will be a self-taught generation -<br />

adapting to gain skills like imagination,<br />

passion and resilience that by and large<br />

aren't taught in school, colleges or<br />

universities and will equip <strong>the</strong>m for <strong>the</strong><br />

future.<br />

How will you prepare for a generation<br />

with new skills to bring to <strong>the</strong> workplace?<br />

The only way out? Adaption.<br />

The current education system will no<br />

longer be fit for purpose if<br />

employability isn’t our end goal.<br />

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G E N Z W I L L C H A N G E T H E W O R L D V O L . 3<br />

Want to<br />

learn more?<br />

Book a demo<br />

A State of <strong>the</strong> Youth Nation subscription helps leading<br />

brands make better youth market decisions.<br />

Our tracking product will equip you with <strong>the</strong> tools to<br />

better engage with young people, and put <strong>the</strong> drivers that<br />

shape <strong>the</strong>ir worlds at <strong>the</strong> heart of your team's youth<br />

market decisions.<br />

Annual subscription gives you instant access to:<br />

Latest <strong>Gen</strong> Z insights - Be better prepared with <strong>the</strong><br />

most up-to-date tracking data (nat rep)<br />

Regular webinars - Who is <strong>Gen</strong> Z? How to get cut<br />

through? What drives loyalty? Best practice 101<br />

<strong>Gen</strong> Z and your business - We will deliver an actionorientated<br />

insight deck to inspire change.<br />

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G E N Z W I L L C H A N G E T H E W O R L D V O L . 3<br />

Subscribe today<br />

and save on your<br />

research budget<br />

<br />

Find out more:<br />

youth.practice@savanta.com<br />

Book a demo<br />

1


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