When surveyed in 2023, half of U.S. consumers belonging to Generation Z and more than half (52 percent) of millennials stated that they would cut back on other expenses so they could spend more on beauty products.
Share of consumers who would consider cutting back on other expenses to spend more money for beauty products in the United States in 2023, by generation
Source defined generations as the following ages in 2023: Generation Z (18 to 26), Millennial (27 to 42), Generation X (43 to 58), and Baby boomer (59 to 77).
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LendingTree. (August 27, 2023). Share of consumers who would consider cutting back on other expenses to spend more money for beauty products in the United States in 2023, by generation [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1471347/us-consumers-who-would-cut-back-on-other-expenses-to-increase-beauty-spend/
LendingTree. "Share of consumers who would consider cutting back on other expenses to spend more money for beauty products in the United States in 2023, by generation." Chart. August 27, 2023. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1471347/us-consumers-who-would-cut-back-on-other-expenses-to-increase-beauty-spend/
LendingTree. (2023). Share of consumers who would consider cutting back on other expenses to spend more money for beauty products in the United States in 2023, by generation. Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1471347/us-consumers-who-would-cut-back-on-other-expenses-to-increase-beauty-spend/
LendingTree. "Share of Consumers Who Would Consider Cutting Back on Other Expenses to Spend More Money for Beauty Products in The United States in 2023, by Generation." Statista, Statista Inc., 27 Aug 2023, https://www.statista.com/statistics/1471347/us-consumers-who-would-cut-back-on-other-expenses-to-increase-beauty-spend/
LendingTree, Share of consumers who would consider cutting back on other expenses to spend more money for beauty products in the United States in 2023, by generation Statista, https://www.statista.com/statistics/1471347/us-consumers-who-would-cut-back-on-other-expenses-to-increase-beauty-spend/ (last visited December 03, 2024)
Share of consumers who would consider cutting back on other expenses to spend more money for beauty products in the United States in 2023, by generation [Graph], LendingTree, August 27, 2023. [Online]. Available: https://www.statista.com/statistics/1471347/us-consumers-who-would-cut-back-on-other-expenses-to-increase-beauty-spend/
