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Woman wearing sunglasses, maybe from Shein? (Getty Images)

Younger generations aren’t a climate-conscious monolith

What actions are Zoomers and Millennials taking to curb their environmental impact?

Tom Jones, David Crowther

Checking in

Deloitte’s Global 2024 Gen Z and Millennial Survey, the latest annual report that dropped in May this year, revealed a lot about how the youngest generations of adults are doing, with insights into everything from how they feel about their socio-economic prospects (mostly better), to their view of GenAI (mostly uncertain).

However, one element of the report caught our eye. Deloitte asked over 14K zoomers (those born between 1995 and 2005, according to the survey) and more than 8K millennials (1983-1994) about what they’re actually doing to drive climate action. More than 1 in 4 millennials and Gen Zers reported following vegetarian or vegan diets, for example, while over a third of respondents from each cohort said they’re avoiding fast fashion.

Gen Z and Millennials

However, what the survey implied was almost more important. If 35% of Gen Z respondents said they already actively avoid fast fashion, that’s interesting, but it also suggests that 65% of Gen Z aren’t yet onboard… which goes a long way in explaining why Shein and other low-cost, youth-focused fast fashion brands have exploded.

It’s often easier to think of generations as monoliths — that, of course, isn’t the reality. Gen Z are almost certainly the most sustainability conscious generation ever, and some members of that demographic are climate activists, but many are not. Shein wouldn’t be an $80B+ behemoth shifting $5 t-shirts if it wasn’t selling something millions of people wanted.

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Thieves are targeting “Pokémon” cards in robberies since they’ve skyrocketed in value

A real-life mishmash of different Team Rocket wannabes is having a lot more success thieving “Pokémon” cards than Jessie and James ever did in their attempts to pilfer Pikachu throughout the anime series.

The Washington Post reports on a string of DC-area heists of “Pokémon” cards, with CGC Cards Vice President Matt Quinn quoted as saying, “Any time you’re carrying around collectibles that are worth money, whether it be gold bars, Pokémon cards, coins, toy trains, or whatever it might be, you have to be vigilant with knowing that you’re carrying collectibles that can be easily stolen from you,” adding that these episodes are happening across the country.

Gotta thieve ’em all is an outgrowth of the massive boom in the value of “Pokémon” cards, with The Wall Street Journal reporting on 3,000% returns earlier this year. Their meteoric rise has been a big boon to GameStop, whose collectibles business has played a critical role in the stabilization and nascent turnaround of its operations.

Both individual cards and unopened packs have been targeted in robberies of stores and personal residences, per the Post report.

Stealing unopened packs of “Pokémon” cards is effectively thieving and buying call options at the same time: an individual pack might not be worth much on its own, but the most valuable cards in the recently released Mega Evolutions set are going for over $1,000. And at about 23 grams per pack and relative differences in security, the logistics seem a lot less onerous than trying to rob a gold dealer.

(Note: I don’t know for sure. I’m not a thief, besides that Klondike bar one time in high school.)

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iHeartMedia surges on report Netflix, competing with YouTube, wants its video podcasts

Video podcasts are becoming a key part of Netflix’s efforts to keep pace closely behind YouTube in the streaming wars.

According to reporting by Bloomberg, the streamer is in talks to exclusively license video pods from iHeartMedia. Shares of IHRT surged on Tuesday morning.

Under the deal, iHeartMedia, which produces shows like “Las Culturistas,” “The Breakfast Club,” and “Jay Shetty Podcast,” would reportedly stop posting full episodes on YouTube — the site that more than a billion people use to watch podcasts every month.

Netflix made a similar deal with Spotify last month and will begin streaming 16 video podcasts produced by Spotify Studios early next year.

According to the Nielsen Gauge, YouTube pulled in 12.6% of all TV viewership in September, compared to 8.3% for Netflix.

Under the deal, iHeartMedia, which produces shows like “Las Culturistas,” “The Breakfast Club,” and “Jay Shetty Podcast,” would reportedly stop posting full episodes on YouTube — the site that more than a billion people use to watch podcasts every month.

Netflix made a similar deal with Spotify last month and will begin streaming 16 video podcasts produced by Spotify Studios early next year.

According to the Nielsen Gauge, YouTube pulled in 12.6% of all TV viewership in September, compared to 8.3% for Netflix.

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