Observations, insights and innovations that connect with the 50+ market.
Move over 50+, it's the 60+ in Japan who are flexing their spending muscles. According to an article in the Nikkei, Japanese aged 60-70 are emerging as an important source of economic vitality, as they are proving to be active spenders keen on making the most of their post-retirement years. Most of the 18 million sixtysomethings -- the country's largest age group -- are s... more
No big surprise here but yet another wake up call for marketers still blind to the impact that an aging consumer has on the fundamentals of business. The median age for viewers at American TV networks including CBS is now 51 according to this report from AP. Furthermore, the broadcasters' audience has aged at twice the rate of the general population during the past two d... more
Here's a great article that discusses the idea of Generation E (Generaton Everyone). The author argues "will the idea of a "generation gap" eventually atrophy into obsolescence?" He's talking about ageless marketing. His examples include: moms and daughters with matching Ugg boots, Juicy Couture sweatsuits, Abercrombie hoodies and Coach handbags. Fathers and sons compari... more
Like most others countries, older Chinese consumers perceive themselves younger than their actual age according to a new study. This supports the results of our SilverPoll conducted in 2009 across 5 APAC markets. The survey among consumers above the age 50, was conducted across six cities in China. [Download here]. While almost 50 percent of the people surveyed were betw... more
Nielsen has published a piece on the marketers dilemma for an ageing China. No real news here but at least it's good to see companies identifying the issue. Here's summary of Neilsens suggestions for marketers: A mix of brands targeted to different demographic groups, or those that work well in India or other less-developed nations, may struggle in China. Large famili... more
A new study by Euromonitor concludes that marketers should consider targeting older shoppers in countries like India and China. Brazil, Russia, India and China will deliver more than 60% of growth among all emerging markets between 2010 and 2020, with the India and China generating over a quarter of the overall increase. As reported in an article on WARC, Euromonitor co... more
Here's an article from Hong Kong publication, Millionaire Asia in which I am interviewed about the 'Silver Tsunami'. ... more
People age 65 or older accounted for more than 20% of the Tokyo population as of the end of January, the first time above that line, according to data compiled by the metropolitan government.As reported in The Nikkei (March 24), the number of elderly residents surged 2.69% from the year earlier to about 2.55 million. They accounted for 20.31% of the population, up 0.41 pe... more
In the lastest issue (Feb 4, 2010), The Economist reviews a few new books on the subject of ageing. Titled The Silver Tsunami, the article discusses the impact on business and says "Business will have to learn how to manage and ageing workforce". Blindingly obvious to those of use who follow all this. The article elaborates "...... few (companies) have grasped either the... more
The Australian Prime Minister said that, by 2050, there would be only 2.7 people of working age for each person aged 65 years and older, compared with 7.5 people in 1970 and five-to-one this year. Within 40 years, the proportion of the population aged 65 years and older would almost double to 23 per cent. This foreshadowed a shake-up to remove workforce barriers and lift... more
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