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Generation X and Millennials – Different Needs, Different Marketing Strategies

October 30th, 2009

Most businesses are well aware of how to market to Generation X (those born 1961-1981), mainly because so many people in business today are part of Generation X.

But as Gen Xers move into midlife (the oldest are 48, and youngest are 28), we are seeing a dramatic shift in how they view the world and purchase things.

One of the biggest shifts is the focus on family. Gen Xers grew up in a world that was not particularly interested in kids (during the ’60s and ’70s) and spent young adulthood trying to find their own way (in the ’80s and ’90s). They are, as a rule, a fairly independent bunch and don’t believe that institutions or groups really have their best interest in mind.

As parents, most Gen Xers want to give their children the nurturing and protection that they never enjoyed in their youth. Although Baby Boomers (those born 1943-1960) also are generally nurturing parents, Gen Xers take it one step further. Most Gen Xers are very results-oriented and will make big sacrifices for their children’s welfare

Who are their children? For the most part, they are the generation known as Millennials (those born 1982-2005) although Gen Xers are predominantly the parents of the later portion of that generation. And that is why understanding how they parent is so important right now.

Get the full story at marketingprofs.com

William

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