15 1 Chapter 15 Age Subcultures Age and

15 -1 Chapter 15 Age Subcultures

Age and Consumer Identity 15 -2 • An Age Cohort consists of people of similar ages who have undergone similar experiences. • Marketers need to know how to communicate with members of an age group in their own language. • General marketing strategies often have to be modified to fit specific age groups. • Adults over 30 are most susceptible to Nostalgia appeals, especially for items associated with childhood or adolescence.

Age and Consumer Identity Shared Experiences Shared Memories Age Cohort Identity Nostalgia Appeal 15 -3

Teen Values and Conflicts 15 -4 • Teens use products to express their identities, explore the world and their new-found freedoms in it, and rebel against their parents. • Marketers often do their best to assist Teens in the above decisions. • The five most important social issues for Teens are: – AIDS, – Race relations, – Child abuse, – Abortion, and – The environment.

Teen Values and Conflicts 15 -5 There are Four Themes of Conflict Common to All Teens: Teens Autonomy Vs. Belonging Want Independence but Need Support Rebellion Vs. Conformity Rebellion Against Social Norms but Want Acceptance Narcissism Vs. Intimacy Idealism Vs. Pragmatism Obsessed With Appearance but Want Sincere Relationships Must Reconcile How the World Should be With Reality

Appealing to the Teen Market 15 -6 The Teen Age Group is Growing Nearly Twice as Fast as the General Population and is Expected to Number 30 Million by 2005. Spend $3, 000 Per Year “Skippies” Family Shoppers Characteristics of the Teen Market Influence Parental Purchase Decisions “Savvy” Consumers Wary of “Lies and Hype” “Consumers-in. Training”

Baby Busters: “Generation X” 46 Million Born Between 19641978 20’s Busters Spend $125 Billion Yearly Formid able Market Segme nt Characteristics of “Generation X” Purcha sers of Beer, Fast Food, & Cosmet ics Sophist icated Shoppe rs Many Diverse Segme nts 15 -7

“Generation X” Segments 15 -8 Cynical Disdainers Most Pessimistic and Skeptical About the World Traditional Materialists Upbeat, Optimistic About the Future, and Actively Striving for the American Dream Hippies Revisited Tend to Espouse the Nonmaterialistic Values of the 60’s Fifties Macho Believe in Traditional Gender Roles, Politically Conservative, and Least Accepting of Multiculturalism

Xers’ Younger Siblings: “Generation Y” 29 Million Born Between 19791994 Cyber Savvy 63% Uses PC At Home “Unlike ly” Voters Characteristics of “Generation Y” Self. Confide nt & Self. Reliant Most Educati on. Minded Genera tion “Latchk ey” Generat ion 15 -9

The College Market Advertisers Spend $100 Million a Year to Influence Them Purchase $20 Billion Worth of Products a Year Media Habits Watch Less TV and Read Fewer Newspapers Read College Newspapers Reach Through Sampler Boxes Use of Posters (Wall Media) Spring Break 15 -10

Baby Boomers 15 -11 • Baby Boomers, Boomers those in their mid-thirties and fifties, exert the most impact on consumption patterns. – The reason: Power in Numbers. • The “Woodstock Generation” created a revolution in style, politics, and consumer attitudes. • Consumers aged 35 to 44 spend the most on housing, cars, and entertainment. • Consumers aged 45 to 54 spend the most of any age on food, apparel, and retirement programs. • These consumers have created a new baby boom of their own called Baby Boomlets and they are part of a new emphasis on children and family.

The Gray Market 15 -12 • The Gray Market includes people over age 65 who head over 18 million households. • By 2010, one in every seven Americans will be over 65. • The Gray Market is the second fastest growing segment, only behind the Baby Boomers. • They control over 50% of all discretionary income and spend $60 billion annually. • Most older people lead more active, multidimensional lives than we assume. • Their economic health is good and getting better. – 80% own their own home.

The Gray Market 15 -13 Altruism Autonomy Key Values That Motivate Older Consumers Connectedness Personal Growth

Segmenting Seniors Older 55 - 64 15 -14 Elderly 65 - 74 Subsegments of the Mature Market Very Old 85 + Aged 75 - 84

Guideline for Effective Advertising to the Elderly Keep Language Simple Use Clear, Bright Pictures Use Action to Attract Attention Speak Clearly, and Keep Word Count Low Use Single Sales Message Avoid Extraneous Stimuli 15 -15