INVESTMENT BEHAVIOR IN GENERATION Z AND MILLENNIAL GENERATION
Marketing to and Managing the Millennial Generation
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Transcript of Marketing to and Managing the Millennial Generation
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MillennialMarketing to and Managing the
Generation
Pacific Northwest Apprenticeship Symposium 2009
Confident?Social? Coddled?
Tech
Sense ofentitlement?
Poor work
ethic?
Diverse?
savvy?
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Generations
Generation Birth years Ages in 2009
% of total
adult
population
% of
internet-using
population
Millennials 1977-1990 18-32 26% 30%
Generation X 1965-1976 33-44 20% 23%
Baby
Boomers
1946-1964 45-63 33% 35%
Silent
Generation
1937-1945 64-72 9% 7%
G.I.
Generation
1936 73+ 9% 4%
Source: Pew Internet & American Life Project December 2008 survey. N=2,253 total adults, and
margin of error is 2%. N=1,650 total internet users, and margin of error is 3%.
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Millennials
30%
pre-
Boomers
11%
Gen X
23%
Boomers
36%
Generation Birth years Ages in 2009
% of total
adult
population
% of
internet-using
population
Millennials 1977-1990 18-32 26% 30%
Generation X 1965-1976 33-44 20% 23%
Baby
Boomers
1946-1964 45-63 33% 35%
Silent
Generation
1937-1945 64-72 9% 7%
G.I.
Generation
1936 73+ 9% 4%
Source: Pew Internet & American Life Project December 2008 survey. N=2,253 total adults, and
margin of error is 2%. N=1,650 total internet users, and margin of error is 3%.
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Generation Birth years Ages in 2009
% of total
adult
population
% of 111th
U.S.
Senators
Millennials 1977-1990 18-32 26% 0%
Generation X 1965-1976 33-44 20% 1%
Baby
Boomers
1946-1964 45-63 33% 51%
Silent
Generation
1937-1945 64-72 9% 28%
G.I.
Generation
1936 73+ 9% 20%
Source: http://en.wikipedia.org/wiki/List_of_current_United_States_
Senators_by_age_and_generation
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Average Household Net Worth 1983 to 1998
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Increases in Pre- Tax Income1979-2003
Generations
Boomers Gen X Millennials
1946-1964 1965-1976 1977-1990
Became institutions Mistrust institutions Irrelevance of
institutions
TV PC Web
Have technology Use technology Assume technology
Task-focused Multi-task Multi-task fast
Ozzie and Harriet Latch-key kids Nurtured
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Percent of population age 25+ withBachelor s degree or more
20
25
30
0
5
10
15
1940 1950 1960 1970 1980 1990 2000
Men
Women
U.S. Census Bureau, 2000
Demographic Growth in
Washington2000-2006
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Percent of California Youth Ages 5- 25 with Access ( )to Home Computers and the Internet 2003
Center for Justice, Tolerance & Community, University of California, Santa Cruz, 2006
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Emerging Young
adulthood adulthood
Median Age at First Marriage
25
26
27
28
20
21
22
23
24
1950 1960 1970 1980 1990 2000 2006
MenWomen
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, Living with Parents age 19-24
30%
35%
40%
45%
0%
5%
10%
15%
20%
Men Women
1960
1980
2000
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Assuming your salary
was the same,
would you ratherTeens say
Have a good job in a
Source: 2003 Gallup Youth Survey (Teens, ages 13-17)
large corporation
Be your own boss in
a small company
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U.S. Working Age Population
Millennial Employment Trends
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Millennial Goals
Source: August 2004 Gallup Youth Survey
As of right now, whatkind of work do you
think you will do for a
career?
Male Female
Teens say
Source: 2003 Gallup Youth Survey (Teens, ages 13-17)
9% computer field
8% athlete
6% medical field
4% mechanic
4% military
13% teacher
11% medical field
8% veterinarian
6% lawyer
3% music
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Awareness
and
opportunity
Familial
influences
Interests and
talents
Vocational Choices
, Life of a Millennial born in 1985
Birth: PCs are10 years old
Age 16:Wikipedia and
iPod
Age 19:Facebook
Age 5: WorldWide Web
Age 11: Google Age 12: Blogs
Age 14:Napster Age 20:YouTube
Age 24(current): ?
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Generation Birth years Ages in 2009
% of total
adult
population
% of
internet-
using
population
Millennials 1977-1990 18-32 26% 30%
Generation X 1965-1976 33-44 20% 23%
Baby
Boomers
1946-1964 45-63 33% 35%
Silent
Generation
1937-1945 64-72 9% 7%
G.I.
Generation
1936 73+ 9% 4%
Source: Pew Internet & American Life Project December 2008 survey. N=2,253 total adults, and
margin of error is 2%. N=1,650 total internet users, and margin of error is 3%.