Executive Summary

This holiday season, US retailers will experience the growing purchasing power of GenZers and millennials, according to the latest survey data from the National Retail Federation (NRF) and Prosper Insights & Analytics.

• Some 43% of GenZers (those ages 18–24) and 38% of millennials (ages 25–34) plan to spend more this holiday than they did last year. But, in absolute terms, their spending falls short of the $1,007 average spend for all adults, which is driven by those 35 years and older.
• The top toy for girls is Barbie, and for boys, LEGO.
• Some 70% of holiday shoppers plan charitable activities this holiday, and 78% of charitable consumers say it will have no impact on their overall holiday spending.

Click here to read Coresight’s coverage on US holiday retail and gain key retail insights for 2019 and prior years.