Gen Z, Millennial Spending Power Decline

The news articles provide moderate support for the prediction. Luxury brands are struggling to attract Gen Z spending, with a two-year downturn in the personal luxury market and skepticism that even a high-profile film release will reverse this trend. McKinsey's consumer sentiment report points to a gloomier outlook, consistent with reduced discretionary spending among younger demographics. However, the evidence is primarily focused on luxury fashion rather than restaurant chains specifically, limiting the directness of confirmation.