Respect your elders, they have money to spend too

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Are you missing a huge target market? We may think marketing in America is all about selling to the Gen Xers and younger, but what does it say when 62-year-old Mick Jagger headlines the Super Bowl? What does the NFL know that you don't?  Just because American consumers are getting older doesn't mean they are going to stop spending.

In fact, most baby boomers (those born between 1946  and 1964) say they intend to keep working and earning long after retirement age. And at least one study has determined that boomers and seniors switch brand loyalties and experiment with new products just as much as other age groups. Yet, the same study found that few companies plan to market specifically to this age group!

The so-called “seniors market” isn't always about assisted living devices. Mature Americans control more than half of the discretionary spending in the U.S., and they need and want many of the same things as other adults.

If you aren't marketing to the aging baby boomer and senior generations, you may want to consider it before your competitors wake up and grab their share of this lucrative market.

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About the author: Lonny pioneered the concept of our nationally trademarked Pay Per Interview Publicity business model which allows clients to purchase publicity by the story rather than pay hourly with no guarantee of coverage. His business foresight is evident in many ways including quickly reserving portal web addresses such as publicity, media relations, and checkerboard, and advising clients to do the same. Lonny has written two books: Media Hypnosis: Unleashing the most powerful sales tool on earth, published in 2002 and Reach & Teach Product Promotion: Teaching Consumers to BUY in 2007. In his spare time, Lonny teaches marketing as an adjunct faculty member at Dakota Technical College.