Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Business Marketing

Millennials spend more on books than any other age group

Some believe that Millennials only care about YouTube and Facebook, but last year alone, they spent more money on books than any other age group, but the catch is that reading has gone digital.

millennial reading

millennial reading

Myth: Millennials don’t read anymore

Some would say reading is a lost art these days, especially for those of the younger generation. The world is seemingly becoming one where everyone is into themselves and their social circles rather than what’s going on in current events and foreign affairs, but Millennials still value the art of the written word. In fact, according to the 2012 U.S. Book Consumer Demographics and Buying Behaviors Annual Review, Millennials, defined in the report as people who were born between 1979 and 1989, spent more money on books than their older counterparts.

Survey results from the report show Millennials now purchase 30 percent of books as opposed to baby boomers who make up only 24 percent of book purchases. Granted, textbooks probably make up for some portion of this percentage but it’s still a substantial statistic nonetheless. While popular belief may lead many to think the Millennial generation is only concerned with YouTube and Twitter, this age set makes the highest number of book purchases.

Nearly half of all books bought by Millennials are digital

Although Millennials are making the most book purchases, they are starting to shift away from buying tangible books with hard and soft covers. Results from the report show that more and more Millennials are buying digital texts, including eBooks from retailers like Amazon and Barnes & Noble. And rather than going to a brick-and-mortar bookstore, 43 percent of Millennials are purchasing books from online vendors. This decrease in foot traffic and purchases could spell trouble for bookstores.

This increase in digital reading avenues may very well have to do with the increase in reading amongst this generation. Millennials are in an age group that is on-the-go and prefer to consume content at their leisure, often with portable devices that they can take with them at any time. The ability to read at will increases the likelihood that more people in this age group will continue to make the largest percentage of book purchases. It’s a nostalgic pastime that’s become digitized but still going strong.

Advertisement. Scroll to continue reading.

Destiny Bennett is a journalist who has earned double communications' degrees in Journalism and Public Relations, as well as a certification in Business from The University of Texas at Austin. She has written stories for AustinWoman Magazine as well as various University of Texas publications and enjoys the art of telling a story. Her interests include finance, technology, social media...and watching HGTV religiously.

2 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Business News

How to target Gen Z and Millennials?? You may be surprised where they are spending the majority of their holiday shopping.

Economic News

(ECONOMY) Millennials and Gen Z were quick to be blamed for the labor shortage, citing lazy work ethic- the cause could actually be Boomers...

Business News

(NEWS) Toys R Us is opening their newest store complete with a 2-story slide and ice cream parlor, as well as an exclusive partnership...

Business Marketing

(BUSINESS MARKETING) Millennials have gained the ability to sue against age discrimination. Let's get into tips for employees and employers.

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.