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Black Friday is proving more popular for younger consumers than for their elders, according to a new report provided exclusively to CNBC.

AT&T Business ' 2025 Holiday Shopping Survey, conducted by Morning Consult, found that 40% of Generation Z members and 32% of millennials plan to do most of their shopping on Black Friday. Older generations, on the other hand, prefer to shop later in the season, just a week or two before Christmas, the survey found.

"Black Friday is always such a big deal, and the pricing and the offers and advertising that's done during that time is probably what would draw Gen Z, especially things done on social media," said Angela Rutherford, AT&T's vice president of mid-market sales.

The

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