Many would argue that an individual’s shopping habits depend more on age demographics than other factors. In my opinion, age is relevant in terms of a person’s tastes, however social class is a greater determiner.
Those who would argue in favor of age point out how a person’s preferences are largely fixed. The past several decades have witnessed seismic changes in culture, particularly related to technology. A person who grew up before the digital age is more inclined to spend money on books, holidays, furniture, and other non-digital items. The style of these items is also likely to be more traditional and less modern. However, someone under the age of 40, is more likely to spend on a new phone, electronic vehicle such as a Tesla, or clothing and furniture that is more modern and minimalist. These disparities widen when considering the youngest generations who are even more inclined to value the virtual world through purchases such as NFTs and cryptocurrencies.
However, for the majority of major purchases, wealth determines what a person can afford and therefore buy. This is evident for a variety of products ranging from food and wellness items to technology and fashion. For instance, most individuals would love to buy the newest smartphone when it is released, drive in a luxury car and shop for expensive and healthy organic products at the supermarket. However, one’s financial status will either allow a person to express these desires or force them to live frugally. The best evidence for this is the lack of discretion children show when it comes to shopping. They are uninhibited by financial concerns and therefore attempt to buy whatever they like.
In conclusion, despite the clear differences in taste present in individuals or different generations, financial flexibility is the clearest factor influencing a person’s shopping habits. This has been true for most of history and still remains the case today
Many
would argue that an individual’s shopping habits depend more on
age
demographics than other factors. In my opinion,
age
is relevant in terms of a
person’s
tastes,
however
social
class
is a greater determiner.
Those who would argue in favor of
age
point out how a
person’s
preferences are
largely
fixed
. The past several decades have witnessed seismic
changes
in culture,
particularly
related to technology. A
person
who grew up
before
the digital
age
is more inclined to spend money on books, holidays, furniture, and other non-digital items. The style of these items is
also
likely to be more traditional and less modern.
However
, someone under the
age
of 40, is more likely to spend on a new phone, electronic vehicle such as a Tesla, or clothing and furniture
that is
more modern and minimalist. These disparities widen when considering the youngest generations who are even more inclined to value the virtual world through
purchases
such as
NFTs
and cryptocurrencies.
However
, for the majority of major
purchases
, wealth determines what a
person
can afford and
therefore
buy
. This is evident for a variety of products ranging from food and wellness items to technology and fashion.
For instance
, most individuals would
love
to
buy
the newest smartphone when it
is released
, drive in a luxury car and shop for expensive and healthy organic products at the supermarket.
However
, one’s financial status will either
allow
a
person
to express these desires or force them to
live
frugally
. The best evidence for this is the lack of discretion children
show
when it
comes
to shopping. They
are uninhibited
by financial concerns and
therefore
attempt to
buy
whatever they like.
In conclusion
, despite the
clear
differences in taste present in individuals or
different
generations, financial flexibility is the clearest factor influencing a
person’s
shopping habits. This has been true for
most of history
and
still
remains the case
today