Many people admit to frequently searching for product information on social media before deciding to buy. This finding was reported by Jakpat (a polling agency) in a survey released on Friday, January 27th.
The majority of social media users were categorized by generation by Jakpat: Gen Z, Millennials, and Gen X.
On a scale of 1 (strongly disagree) to 5 (strongly agree), all three generations gave scores close to "strongly agree" that they search for product information on social media. Gen Z scored 4.50; Millennials 4.39; and Gen X 4.33.
Respondents were given specific social media options considered to provide the most information about products they would buy: YouTube, Instagram, TikTok, Twitter, Facebook, and LinkedIn.
(Read also: Gen Z, Millennials, and Gen X Agree on Smartphone Preference for Video Streaming)
Using a similar scale of 1 (not at all informative) to 5 (very informative), respondents rated YouTube 4.46; Instagram and TikTok both scored 4.29.
Twitter received a score of 4.06; Facebook 4.02; and LinkedIn 3.78.
"YouTube is the most informative social media platform for (explaining) products, according to users, followed by Instagram and TikTok," Jakpat wrote in its report.
Jakpat added that 9 out of 10 users felt that product information obtained from social media helped them decide whether or not to buy a product.
The survey on social media as a source of product information involved 3,720 respondents who answered questions online through the Jakpat mobile application. Data collection was conducted monthly throughout 2022. The margin of error is below 3%.
Jakpat did not define the differences between the three generations but grouped them by age. These included ages 15-19 (17% of respondents), 20-24 (19%), 25-29 (18%), 30-34 (16%), 35-39 (14%), and 40-45 (17%).
Of those ages, Gen Z comprised 54%, Millennials 36%, and Gen X 10%.
(Read also: India Has the Most YouTube Users in the World; Where Does Indonesia Rank?)