Gen Z Adopts Thoughtful Gifting Amid Rising Costs: Insights From Yuzu’s Holiday Spending Survey
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Yuzu’s survey highlights Gen Z's thoughtful approach to holiday gifting amidst rising costs. Most (77%) spend £50 or less per gift, prioritising meaningful items (43.9%) and shared experiences (22.9%) over expensive presents. Budget-savvy methods like discounts (74.7%), DIY gifts (34.3%), and potluck gatherings (27.1%) are on the rise. Gen Z values quality time (44.2%) and heartfelt gestures, redefining holiday traditions with intentionality and creativity.
A recent survey conducted by Yuzu, the innovative social and dating app catering to Gen-Z, has unveiled a significant shift in how this generation approaches holiday spending. As economic pressures mount, Gen-Z is redefining holiday traditions with a focus on intentionality, creativity, and shared experiences, signalling a cultural reset in gift-giving practices.
The survey reveals a growing trend among Gen-Z to embrace budget-friendly gifting methods without compromising on the sentiment behind their gestures. According to the survey findings:
- Budget-friendly spending: A significant 77% of Gen Z respondents reported spending £50 or less per person on gifts, with nearly 40% maintaining a tighter range of £26–£50. Only 9.3% were willing to exceed the £100 mark.
- Emphasising thoughtfulness: Around 43.9% prioritise small but meaningful gifts, showcasing an intent to offer items of emotional rather than monetary value.
- The shift to shared experiences: Approximately 22.9% are replacing traditional presents with experiences such as movie nights or hiking trips, while 13.2% are focusing on quality time instead of physical gifts.
According to Cindy Lim, Head of Brand at Yuzu, "We’re seeing a shift in how Gen-Z approaches the holidays. This generation is showing us that heartfelt connections can outshine expensive gifts, redefining what it means to celebrate during tough economic times."
Spending smarter: The rise of budget-savvy gifting
Gen Z's response to economic pressures is evident in their practical and resourceful approach to holiday spending:
- Setting financial boundaries: More than 65% of respondents disclosed setting spending limits with friends or family to alleviate financial stress, with 23.9% doing so consistently every year.
- Creative money-saving solutions: Nearly three-quarters (74.7%) are relying on sales and discounts to stay within budget, while 40.1% choose to gift experiences instead of material items. DIY gifts (34.3%) and hosting potluck-style gatherings (27.1%) are also becoming popular alternatives.
Gratitude beyond materialism
When it comes to showing gratitude, Gen Z’s choices reflect a deep focus on connection and intentionality:
- Spending quality time: For 44.2%, the most meaningful way to express appreciation is by spending quality time with friends.
- Heartfelt gestures: Writing notes or heartfelt messages (20.7%) and preparing homemade meals (17%) also emerged as preferred ways to show care during the festive season.
A generational reset in holiday traditions
This data offers valuable insights into evolving generational habits, illustrating how Gen Z’s approach to the holidays could shape broader cultural practices in the future. Rising inflation and economic uncertainty have not dampened their holiday spirit. Instead, Gen Z is leading a broader reset of traditional practices, embracing intentionality, frugality, and a focus on shared moments over material excess.
"Gen Z isn’t letting financial constraints dampen their holiday spirit. Instead, they’re proving that the best gifts come from the heart," added Cindy Lim.
About Yuzu
Yuzu is a pioneering social app designed to foster connections among Gen-Z Asian Americans, offering a space for meaningful interactions in an ever-evolving digital landscape. Through its engaging platform, Yuzu continues to empower Gen-Z to navigate relationships, traditions, and challenges with creativity and community spirit.
Himani Verma is a seasoned content writer and SEO expert, with experience in digital media. She has held various senior writing positions at enterprises like CloudTDMS (Synthetic Data Factory), Barrownz Group, and ATZA. Himani has also been Editorial Writer at Hindustan Time, a leading Indian English language news platform. She excels in content creation, proofreading, and editing, ensuring that every piece is polished and impactful. Her expertise in crafting SEO-friendly content for multiple verticals of businesses, including technology, healthcare, finance, sports, innovation, and more.
