THE PSYCHOLOGY OF THE NOSTALGIA EFFECT

Summary from the TLDR Marketing newsletter

The Nostalgia Effect explains why people spend more when they remember their past. Researchers found that nostalgia fills people with a sense of connection and belonging, and those feelings fulfill basic human needs. Consequently, in those moments people tend to view money as less important and desirable. Marketers can use nostalgia by modernizing icons or imagery from the past, using storytelling to evoke desired emotions, or by tapping into throwbacks that Millennials or Gen Z would love.