Does your business have products and services of interest to baby boomers?
Does your business have products or services of interest to customers classified in the baby boomers market? If so, you should be targeting this segment with your marketing campaign … it is a significant business opportunity and growing.
Consider these facts about the baby boomers market segment:
One USA boomer is turning 65 every 8 seconds—that rate will continue for the next 20 years.
USA adult population will have grown by 23 million in the 10 years between 2006 and 2016.
Ages 18–49 will have grown by 1 million—age 50+ will have grown by 22 million.
At age 50, we effectively have … a full 50% of our healthy adult life ahead of us.
An average American will buy 13 cars in the course of a lifetime—7 after age 50.
Age 55-plusers are … more active in online finance, shopping, and entertainment than those under 55.
Boomers inherit $8.4 trillion in the next few years; 70% of boomers will inherit on average $300K.
Net wealth of households headed by 65+ is 47 times greater than the net wealth of households headed by someone <35; 20 years ago the ratio was 10:1.
Have you added this target segment to your business strategy yet?
What are you waiting for?
Read more:
The Finger Lakes Tourism Industry’s Best Discriminator?
Be Adaptable to Increase Your Competitiveness
What Is the Best Way for Your Business to Get New Ideas?
Call Digital Spark Marketing for a free consultation on your marketing strategy today. We can offer you some initial tips on how to creatively attract the attention of these consumers. For more reading on creative marketing tips, click here.
Statistics source: Tom Peter’s blog
Mike is available for speaking commitments. To inquire, contact him at 607-725-8240.
Staggering is the only word I can use to describe the number of babyboomers in the USA, and I am one of them. I like the age breakdown in this article, well done.