Observations, insights and innovations that connect with the 50+ market.
We have contributed a chapter to the second edition of The Silver Market Phenomenon - Marketing and Innovation in the Aging Society to be published in Autumn 2010. Our chapter is titled: The Age-Neutral Customer Journey. The chapter demonstrates why and how businesses and brands should become age-neutral. Using three distinct case studies, we introduce SilverAudit, a uni... more
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
Shocking news from a recent study by the Melbourne Intitute among people approaching retirement finds that Australians are generally not saving enough to maintain a living standard they believe is satisfactory for their entire expected life after retirement. For example, the projected life expectancy at retirement for a 55-59 year old single male is 17.2 years, yet calcu... more
Okay, it's USA-based data, but regardless, some interesting learnings from recent reseach conducted by Matt Thornhill, of the Boomer Project and collaborators and detailed here. 1. Older and Younger Boomers Are Different The two groups have different frames of reference for decision-making, shopping, spending leisure time, cultural icons and involving themselves in medi... more
A 'Giant Market Opportunity', according to this post in Engage Boomers. The study, conducted by VibrantNation.com reveals that Boomer women in the USA: More than half say they are dissatisfied with their sex lives. Eighty percent said they masturbate and 56% use sex toys (another 10% is interested in them). 44% have sex less than once a month. Yet, an all-male p... more
In fact, fifty-two percent of men aged 65-69 are gainfully employed, according to a survey by the government-affiliated Japan Institute for Labor Policy and Training. Furthermore, 17.7% of men in that age bracket want to work but cannot find employment. For 55-69 year olds, a combined 60% of men and women are working to bring in a salary. (Men = 72.2%, Women = 48.5%). ... more
Increasingly, Japanese consumers in the luxury segment are behaving differently-by age, gender, and even geography. According to a new McKinsey report just released entitled “Japan’s luxury consumer: Detecting a pulse?” showed that 22 percent of 20-year-old luxury consumers are willing to pay full price for luxury goods, compared with just 9 percent for ... more
Older consumers in Asia Pacific are in line with global trends in social networking, revealed in an analysis of comScore data across thirteen APAC countries. Download the SilverMatters report here. Some Highlights: Singapore, Malaysia, Indonesia and Australia, (about a third of all countries surveyed) - have the highest percentage of mature internet users logging on ... more
A USA national survey of 25,000 businesses also found that the morning newspaper has become almost irrelevant to small business owners, with 48% going online immediately after waking (compared to just 3% reading print news). CityMax.com who conducted the survey said "We've seen a recent surge in older entrepreneurs making their own websites," The survey found California ... more
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