Luxury consumers: social media activity related to brands Q4 2022, by age
A worldwide survey conducted with affluent consumers in the fouth quarter of 2022 found that younger consumers engaged more frequently with luxury related brands and services on social media. For consumers aged 40 and above, while social media interaction with luxury brands was less common compared to those aged between 18 and 39, some 48 percent of consumers were found to have liked or recommended a brand to a friend.