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Boomers and Beyond
      Presented by Deborah Coleman
          General Sales Manager
    After 55 Housing & Resource Guide
Every

         7 seconds
a Baby Boomer turns 50 years old
         which means
       every day another

           10,000
   Boomers turn 50 years old.
“If Boomers were a nation
 unto themselves (all 78
 million), they would be
 the 16th most populous
 country in the world, just
 behind Egypt and ahead
 of countries including
 France, the United
 Kingdom, Italy, Iran,
 Turkey, Spain, and
 Canada.”

 Source: CNBC
Generational Breakdown

• GI Generation       1905-25   50,000,000

• Silent Generation   1926-45   35,000,000

• Baby Boomers        1946-64   78,000,000
The Coveted Demographic
                                           135.1            135.9
    18-49                                            +1%
                                          million           million




                                                               111.3
                                            89.3
         50+                                         +25%     million
                                          million




                                       2006                   2016
Source: Boomer Project Analysis of US Census Data.
Misconceptions
•   Old
•   Dependent on others
•   Very frugal
•   Take a nap at 1:00pm
•   Require walkers and wheel chairs
•   Are less active
•   Are bad drivers
•   They are frail
Confusion
       Society is very confused about the aging
 population in regard to “old”, “senior” and “boomer”.

• 50 years old = Eligible for AARP
• 55 years old = Eligible for “senior discounts”
       • 1/2 price coffee at Burger King
       • 10% discount at Ross on Tuesdays
• 6O years old = Eligible for more “senior discounts”
       • 10% off meal at Sizzler
• 62 years old = Eligible to collect Social Security early
       • Up to a 15% discount at Marriot Hotels
• 65 years old = Eligible to collect Social Security
Age is not a number
      any longer.
It’s a state of mind!
Age Group Growth
(Percentage change in U.S. 5-year age groups, 2005-2015)
    50%                                                                                                      48%
                                                                                                     45%

    40%
                                                                                             31%                                             30%
    30%                                                                                                              26%

    20%                                                                              16%
                                             14%
          10%                        10%
    10%         5%
                                                     7%
                                                                                                                             3%
                             1%
                                                                                                                                     0%
     0%
                     -3%
                                                             -6%
   -10%                                                                      -8%
                                                                     -14%
   -20%
          -5
               5-9
                     10-14
                             15-19
                                     20-24
                                             25-29
                                                     30-34
                                                             35-39
                                                                     40-44
                                                                             45-49
                                                                                     50-54
                                                                                             55-59
                                                                                                     60-64
                                                                                                             65-69
                                                                                                                     70-74
                                                                                                                             75-79
                                                                                                                                     80-84
                                                                                                                                             85+
Statistics On Net Worth By Age
    The age group 45 and older own 82.6% of ALL the U.S. NET
                WORTH, or 41.5 TRILLION dollars.
   Age                    Net Worth             % Of Total
                           In $ Trillions   U.S. Net Worth
Under 35                      1.8                 3.60%
35-44                         6.9                 13.70%
45-54                         12.7                25.20%
55-64                         14.4                28.60%
65-74                         8.1                 16.20%
75 and older                  6.3                 12.60%

Source: Federal Reserve
Workforce
                 50 and Over
                   Retiring



Working




 Retire



      0%   20%     40%    60%   80%   100%
Spending Habits
• By 2010, total spending for 50+ households
  increased by $900 billion.
• This group has $2.3 trillion in disposable
  income.
• By 2010, 45+ outspent younger adults by $1
  trillion annually.
What Boomers Want Out of Life
• Boomers want life-long learning
• They want more time
• Boomers want “experiences” vs “things”
• Boomers want special treatment and feel
  entitled to it
• “Me Generation” mentality
What Boomers Want Out of Marketing
• Boomers want to be understood
• Boomers want a shopping/buying
  experience that is a success
• Boomers want information on new options
  and choices
• Boomers want value
• Boomers want attention, respect and good
  manners
Advertising Mediums
Corporate Advertising
Look who is targeting the Boomer market
       with age related icons …
Corporate Advertising
Marketing to 50+ Audience
•   Larger Font
•   Font Type
•   Contrasting Colors
•   Simplicity
•   Lifestyle Photos
•   Show and Tell
•   Strong Call to Action
Internet Statistics
• Fastest growing segment on the Internet
• 2/3 of Americans age 50-64 use the Internet.1
• 14 million seniors aged 65 and older are online.2
• 72% of Baby Boomers have broadband Internet in their
  homes.3
• E-mail is the most popular online activity among 50+ users,
  followed by web browsing, research, and shopping.3
• Retired seniors go online an average of 15.9 days a month,
  more than any other group in the U.S. They also click twice as
  many banners as students do - 3 compared with the average
  of 1.5.4
• Seniors are the most affluent consumer group that exists and
  are 30% more likely to purchase online than younger users.5
Source: 1SeniorNet; 2Harris Poll; 3ThirdAge and JWT Boom; 4Net Value; 5SoldonSeniors.Inc
Internet Statistics
• The Internet is the most important source of information for
  Baby Boomers when they make a major marketing purchase,
  such as automobiles or appliances (Zoomerang).
• Adults 50+ spend an average of $7 billion online annually
  (SeniorNet).
• 92% of seniors shop online and 78% make online purchases
  (SeniorNet).
• 71% will use the internet for new home research
  (theboomerblog.com).
• 92% of ThirdAgers visit an online website after they’ve read
  about in a print article and 89% typically visit a website after
  seeing a print ad (ThirdAge).
Internet Activities
Questions?




Deborah.Coleman@SeniorOutlook.com

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HRAMA: BOOMERS! Engaging the Over 55 Market

  • 1. Boomers and Beyond Presented by Deborah Coleman General Sales Manager After 55 Housing & Resource Guide
  • 2. Every 7 seconds a Baby Boomer turns 50 years old which means every day another 10,000 Boomers turn 50 years old.
  • 3. “If Boomers were a nation unto themselves (all 78 million), they would be the 16th most populous country in the world, just behind Egypt and ahead of countries including France, the United Kingdom, Italy, Iran, Turkey, Spain, and Canada.” Source: CNBC
  • 4. Generational Breakdown • GI Generation 1905-25 50,000,000 • Silent Generation 1926-45 35,000,000 • Baby Boomers 1946-64 78,000,000
  • 5. The Coveted Demographic 135.1 135.9 18-49 +1% million million 111.3 89.3 50+ +25% million million 2006 2016 Source: Boomer Project Analysis of US Census Data.
  • 6. Misconceptions • Old • Dependent on others • Very frugal • Take a nap at 1:00pm • Require walkers and wheel chairs • Are less active • Are bad drivers • They are frail
  • 7. Confusion Society is very confused about the aging population in regard to “old”, “senior” and “boomer”. • 50 years old = Eligible for AARP • 55 years old = Eligible for “senior discounts” • 1/2 price coffee at Burger King • 10% discount at Ross on Tuesdays • 6O years old = Eligible for more “senior discounts” • 10% off meal at Sizzler • 62 years old = Eligible to collect Social Security early • Up to a 15% discount at Marriot Hotels • 65 years old = Eligible to collect Social Security
  • 8. Age is not a number any longer. It’s a state of mind!
  • 9. Age Group Growth (Percentage change in U.S. 5-year age groups, 2005-2015) 50% 48% 45% 40% 31% 30% 30% 26% 20% 16% 14% 10% 10% 10% 5% 7% 3% 1% 0% 0% -3% -6% -10% -8% -14% -20% -5 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85+
  • 10. Statistics On Net Worth By Age The age group 45 and older own 82.6% of ALL the U.S. NET WORTH, or 41.5 TRILLION dollars. Age Net Worth % Of Total In $ Trillions U.S. Net Worth Under 35 1.8 3.60% 35-44 6.9 13.70% 45-54 12.7 25.20% 55-64 14.4 28.60% 65-74 8.1 16.20% 75 and older 6.3 12.60% Source: Federal Reserve
  • 11. Workforce 50 and Over Retiring Working Retire 0% 20% 40% 60% 80% 100%
  • 12. Spending Habits • By 2010, total spending for 50+ households increased by $900 billion. • This group has $2.3 trillion in disposable income. • By 2010, 45+ outspent younger adults by $1 trillion annually.
  • 13. What Boomers Want Out of Life • Boomers want life-long learning • They want more time • Boomers want “experiences” vs “things” • Boomers want special treatment and feel entitled to it • “Me Generation” mentality
  • 14. What Boomers Want Out of Marketing • Boomers want to be understood • Boomers want a shopping/buying experience that is a success • Boomers want information on new options and choices • Boomers want value • Boomers want attention, respect and good manners
  • 16. Corporate Advertising Look who is targeting the Boomer market with age related icons …
  • 18. Marketing to 50+ Audience • Larger Font • Font Type • Contrasting Colors • Simplicity • Lifestyle Photos • Show and Tell • Strong Call to Action
  • 19. Internet Statistics • Fastest growing segment on the Internet • 2/3 of Americans age 50-64 use the Internet.1 • 14 million seniors aged 65 and older are online.2 • 72% of Baby Boomers have broadband Internet in their homes.3 • E-mail is the most popular online activity among 50+ users, followed by web browsing, research, and shopping.3 • Retired seniors go online an average of 15.9 days a month, more than any other group in the U.S. They also click twice as many banners as students do - 3 compared with the average of 1.5.4 • Seniors are the most affluent consumer group that exists and are 30% more likely to purchase online than younger users.5 Source: 1SeniorNet; 2Harris Poll; 3ThirdAge and JWT Boom; 4Net Value; 5SoldonSeniors.Inc
  • 20. Internet Statistics • The Internet is the most important source of information for Baby Boomers when they make a major marketing purchase, such as automobiles or appliances (Zoomerang). • Adults 50+ spend an average of $7 billion online annually (SeniorNet). • 92% of seniors shop online and 78% make online purchases (SeniorNet). • 71% will use the internet for new home research (theboomerblog.com). • 92% of ThirdAgers visit an online website after they’ve read about in a print article and 89% typically visit a website after seeing a print ad (ThirdAge).
  • 22.