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Money Is Weird

Brand switching stays high at 74% of shoppers

Customers are treating brands less like identities and more like options that must keep earning their place.

→ Plateauing72% confidencehorizon Dec 2026data as of Dec 2024
Confidence-weighted forecast · history → projection
Tracking share of shoppers who switched brands in the past year (percent of shoppers)
202220242024 Gen Z and millennials2026now
ObservedProjectionshaded band = confidence cone
72%
Confidence
2026
Horizon
Jun 2026
First called
Tracking
Status
The call

The brand you used to buy by habit now sits next to cheaper, faster, better-reviewed alternatives every time you open your phone.

The number to notice

Nearly three out of four shoppers switched brands in the past year, and the rate was 81% for Gen Z and millennials.

What’s driving this
  • price comparison is instant
  • delivery makes alternatives easy
  • social platforms expose people to new brands
  • subscriptions and apps make canceling feel normal
Sources · check usOpen
Customer Engagement Research 2022 ↗Salesforce · 2022-05-10reportBrand loyalty is fading among Gen Z and millennials ↗EMARKETER · 2025-04-28reportBrands bet on loyalty programs to keep shoppers from straying ↗EMARKETER · 2025report
For you

Your loyalty is becoming something brands have to re-earn each time. That gives you leverage, but it also means you need your own rules so every discount does not pull you around.

What would change our mind
This call weakens if comparable Salesforce or retail surveys show brand switching falling below 65% for two straight waves, especially among younger shoppers.
Behind the numbersOpen

Salesforce reported in its 2022 customer research that 71% of consumers had switched brands at least once in the past year. Salesforce’s Connected Shoppers research, reported by EMARKETER in 2025, found 74% of shoppers switched brands in the past year, with 81% among Gen Z and millennials, 74% among Gen X, and 63% among baby boomers. The 81% point is a subgroup, not the total market, so the direction is strong but not perfectly apples-to-apples.

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