The number and type of U.S. households is changing in many ways, including delays in getting
married and having children, and in the composition of family households, which a single parent
increasingly heads. New perspectives on the family life cycle which focuses on how people’s
needs change as they move through different stages in their lives, are forcing marketers to more
seriously consider consumer segments such as gays and lesbian, divorced parents, and childless
couples when they develop targeting strategies.
We have many things in common with others because they are about the same age.
Consumers who grew up at the same time share many cultural memories because they belong to
a common age cohort, so they may respond well to marketers’ nostalgia appeals that remind
them of these experiences.
Teens are an important age segment for marketers.
Teenagers are in the middle of a transition from childhood to adulthood, and their self-concepts
tend to be unstable. They are receptive to products that help them to be accepted and to enable
them to assert their independence. Because many teens earn money but have few financial
obligations, they are a particularly important segment for many nonessential or expressive
products, ranging from chewing gum to clothing fashions and music. Because of changes in
family structure, many teens also are taking more responsibility for their families’ day-to-day
shopping. College students are an important but hard-to-reach market. In many cases, they live
alone for the first time, so they make important decisions about setting up a household. Tweens
are kids aged 8 to 14; they are influential purchasers of clothing, CDs, and other “feel-good”
products. Many young people belong to youth tribes that influence their lifestyles and product
preferences.
Baby Boomers are the most economically powerful age segment.
Baby boomers are the most powerful age segment because of their size and economic influence.
Boomers continue to affect demands for housing, childcare, automobiles, clothing, and many
other products.
Seniors are a more important market segment than many marketers realize.
As the population ages, the needs of older consumers will become increasingly important. Many
marketers ignore seniors because of the stereotype that they are too inactive and spend too little.
This stereotype is no longer accurate. Many older adults are healthy, vigorous, and interested in
new products and experiences—and they have the income to purchase them. Marketing appeals
to this age subculture should focus on consumers’ perceived ages, which tend to be more
youthful than their chronological ages. Marketers also should emphasize concrete benefits of
products because this group tends to be skeptical of vague, image-related promotions.
Birds of a feather flock together in place-based subcutures.
Geodemography refers to analytical techniques that combine data on consumer expenditures and
other socioeconomic factors such as geographic information about the areas in which people live,
in order to identify consumers who share common consumption patterns. Researchers base this
approach on the common assumption that “birds of a feather stick together.” Marketers can
increase the efficiency of their messages when they focus on the similarities among consumers
who choose to live in the same place.
CHAPTER OUTLINE