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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
generation z

Behold: These Are Generation Z’s Favorite Brands

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
August 20, 2018, 10:47 AM ET
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The Pepsi Generation has been firmly supplanted by Generation Z.

A study by Engagement Labs of the brands that most resonate with people born in the mid-1990s finds that tech companies are red hot.

Cola companies—both Coke and Pepsi—are on the list of brands generation the most buzz with Generation Z, but as younger Americans become more health conscious, their influence is dwindling. Since 2013, the percentage of Generation Z that talks about Pepsi on an average day has fallen 49%. Coke is down 21% in that same time period.

The iPhone is generating the most buzz with the group, says Engagement Labs. Apple gets a separate ranking and comes in at number two.

Coke is the third most popular brand, followed by Samsung, Nike, McDonald’s and Walmart.

Pepsi is ranked eighth.

The rankings are based on number of teenagers who speak about the brand on an average day. The group spoke with more than 6.700 teens over a one year period. Overall, says Engagement Labs, the findings show that Gen Z is drawn to things that bring it together, specifically tech and foods.

That falls in line with the findings of The Center for Generational Kinetics. Earlier this year, that group noted that Generation Z relies on technology as its chief way to interact with friends and family.

“Their cell phone is a basic human right,” said Heather Watson, behavioral designer at The Center for Generational Kinetics. “A 13-year old can have food delivered to their house whenever they want to. They can get anything they need from entertainment to friends. … They’re digitally together, rather than socially together.”

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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