Gen Z are making the news for their non-drinking and non-smoking habits. Beyond implications for businesses across several sectors – hospitality, health and wellness, and of course, food and drink, Gen Z sobriety is also affecting governments through lost tax revenue.
‘A £4.7bn [$5.7bn, €5.4bn] has been removed from tax revenue alone as Gen Z embrace alternative ways to recreate, hang out and redefine pleasure,’ explains Martin Raymond, The Future Laboratory’s co-founder and editor-in-chief.
Author: Gabriela Białkowska, Marta Indeka, Simar Deol and Alice Crossley
Image: Sippers, UK
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