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Gen Z Drinks Less But Spends More, Quietly Boosting Alcohol Industry Revenue

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Despite a reputation for sober or mindful drinking habits, Generation Z is proving to be a financially significant demographic for the alcohol industry. Rather than increasing how frequently they drink, Gen Z consumers are choosing to spend more money on each individual drink. Their greater financial empowerment means that when they do drink, they opt for premium or higher-priced options. This pattern of quality-over-quantity purchasing is quietly benefiting alcohol industry revenues.

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Gen Z Drinks Less But Spends More, Quietly Boosting Alcohol Industry Revenue · ShortSingh