Having finally gotten back from running way too many errands, at the tail end of a season of rampant consumerism, I’ve found myself thinking a lot about the way we buy things. If you’re reading this, chances are you live in a mostly capitalism-driven economy. That reality, of course, come with pros and cons. One of the cons is that companies and corporations sometimes prioritize profit over integrity and ethical practices. One of the pros is that you, as a consumer, get to choose what companies you give money to.
This means that any practice or belief you hold to strongly can, in theory, be supported further through what you do or don’t buy (and who you do or don’t buy from). This might mean buying organic produce and free-range chicken products, not buying products that were tested on animals, or ensuring that something you buy is local or fair trade.
Sometimes, of course, convenience or cost may make sticking to any buying preferences difficult if not impossible. For many emerging adults who are on stricter budgets than more established adults, sometimes purchasing power is a lot more limited than we’d like.
Here are some quick numbers:
- Despite Millennials earning only 62.6% of the pre-tax income that Gen-Xers do, housing for Millennials costs an average of 75% of housing costs for Gen-Xers.1
- Millennials spend two-thirds the amount spent by Gen-Xers and Baby Boomers on entertainment.1
- 60% of Millennials prefer to purchase generic brands over name brands.2
- Nearly 50% of Millennials would be more willing to make a purchase from a company if that specific purchase supports a cause.2
- 81% of Millennials expect companies to make a public commitment to charitable causes and corporate citizenship.3
In other words, a lot of us care how we’re spending our money — even though we have less buying power than older generations do now, and in many cases less than they did at our age. (Caused by things like the fact that in the U.S., college tuition and fees have increased approximately 225% over the last 30 years4, while the average wage index has only increased 26.6%.5)
I care about putting my money where my mouth is as much as is reasonably possible. I’ll buy less from — or cut out completely — brands whose ethics, environmental, and/or labor practices I don’t agree with. But sometimes it’s hard. I love to shop local and support small businesses, but having to buy a bunch of last-minute Christmas gifts meant that Amazon was infinitely more practical.
So how do we balance the two? I don’t have the perfect answer, but these are a few practices I’m going to be trying to implement more in 2019:
- Read the labels. This is literally the easiest one. Look for labels (in-stores or online) that proclaim practices you want to support. And know when it’s just a marketing ploy: organic and fair trade can be certified, but words like “natural” don’t require any proof of standards
- Source it. Find out where your stuff is coming from. Usually, the closer to home the more sustainably and/or ethically it’s been made. Not always, of course, but buying local also means a smaller carbon footprint!
- Look into the company. I’m of the mindset that the bigger the company is, the more cautious I need to be about blindly purchasing from them, as large corporations too often hurt the little guy to stuff the pockets of higher-ups. I buy from a lot of chains and big retailers anyways, but I do try to buy less and at least be aware of their practices as a consumer.
- Know the real cost difference. Keep in mind that sometimes cheap, mass-produced stuff won’t last as long or will be worse for you in the long run than spending a little more for practices and quality you can get behind.
- Find other ways to support. If you find a brand whose practices you really like and want to support, say so. That can mean telling friends, following them on social media, buying more of their product, whatever.
- Be honest about what you can afford. I’ll be honest: I don’t buy all fair-trade, sustainable, organic stuff. I can’t afford it all the time, and I know a lot of other folks can’t either. At that point, you have to determine which purchases are worth it to you, and which ones are areas where you’re okay sticking to the status quo.
This is something I definitely don’t do as well as I’d like, but I hope it’s one that we as a society can continuously improve at. As much as I appreciate low costs and convenience, I want to take care of all the people, creatures, and resources that inhabit our world — and that often means saying so with my wallet.