As Gen Z is transitioning from high school to college and the workforce, a new generation is coming of age.
Enter Gen Alpha, the first generation to grow up entirely immersed in a digital world. With Razorfish projecting its global population to reach 2.2 billion by the end of 2024, this cohort, often dubbed digital natives, mini-millennials or iPad kids, is an undeniable growth opportunity for brands.
Gen Alphas span from newborns to preteens with no disposable income of their own. Yet to be successful, brands must begin to consider how they will reach this new demographic when they come into buying power. This generation is growing rapidly with an estimated 2.5 million born weekly. Its economic footprint is expected to reach $5.46 trillion by 2029, nearly matching the combined spending power of millennials and Gen Z, according to the BBC.