The Star Wars franchise turns forty this year; look for quotes and metaphors to crop up ad nauseam in marketing circles. Always ahead of the pack, we’ll get ours out early.
In another 2017 milestone, for the third year in a row over four million members of Generation X – born 1965-1981 – will reach their 50th birthday and disappear from mainstream brand advertising.
Thanks to Madison Avenue’s remorseless Death Star ad targeting model, by year’s end, their voices will have suddenly cried out in terror and been silenced.
All this is happening because long, long ago in a galaxy far, far away, venerable Mad Men decreed that Americans are no longer willing or able to adapt new behaviors after age fifty and, anyway, their grizzled presence in advertising sends young prospects fleeing in horror.
That’s the equivalent of banishing the entire Los Angeles/Orange County metro area population – okay, okay, hold it down, no snarky jokes please.
Happily for the Xers, a new home awaits in an alternative universe run by grownups – prosperous Planet Boomer.
Joining the Boomer-Plus Generation: not such a bad thing
As it turns out, the 18-49 demo exit is not a door that closes but a portal that opens to the amazing, dynamic fifty-plus marketplace that, per the Video Advertising Board:
- Owns 80% of U.S. household assets
- Controls 70% of disposable income
- Accounts for 58% of retail purchases
- Buys 59% of new personal vehicles
- Represents 65% of home improvement sales
- Will add 15 million net new consumers by 2025
Always good for a quotable quote, Obi-Wan Kenobi puts this into perspective: “You can’t win … if you strike me down, I shall become more powerful than you could possibly imagine.”
Joel Kotkin, Professor of Urban Studies at Chapman University in California, is more scholarly: in a recent column for Forbes (Generation X’s Moment of Power Is Almost Here, December 28, 2016) he described Gen X as “clearly the ascendant generation.”
This approaching “moment of power” has been a long time coming.
TIME jumped the gun in 1997, suggesting that Boomers – then beginning to turn fifty – must now yield to the Xers. But there’s a big difference between leaving the hip 18-49 demo and losing economic, social or political power.
In fact, Gen X waited almost twenty years for recognition until the oldest of them reached the 50-year tombstone milestone and qualified for membership in the Boomer-Plus Generation. Originally home to those born from 1940 to 1964, due to old school ad targeting theory, the generation now embraces millions of newly expelled Xers from the birth years 1965-1967.
While they experienced the sixties and seventies as little kids and teens, not as young adults, Gen X grew up in a transformational culture that was largely Boomer-driven. So, at 50-plus, they’ll feel more at home in Boomer world than on the dreary aging-in-place Ice Planet envisioned by brand strategists from the Dark Side of the Force.
Death Star targeting: not just for consumers …
The 18-49 worship cult originated in the 1950s/60s as younger Americans were setting up households, streaming into the new mass consumer marketplace and embracing the good life. By the time the 2000s arrived the dogma was so entrenched that it wasn’t just consumers over fifty who were victims of Death Star targeting – now Madison Avenue’s own staff was in the cross-hairs, with most being shown the door before they hit forty.
In fact, of 297 occupational categories tracked by the U.S. Bureau of Labor Statistics, advertising and PR ranks second youngest (median age: 38).
The fact that Boomers are harder to find on Madison Avenue than a breath mint at a Wookie club house on pizza night is nothing less than bizarre in view of U.S. consumer age statistics. Here are some key median ages …
- Household head: 52
- New car buyers: 52
- Overseas travelers: 45
Brilliant as they may be, no matter how many gigaflops of big data at their disposal, 28 year old creatives cannot possibly experience brands the same way as consumers in their fifties or sixties. No wonder so many awkward stereotypes crop up when Millennials venture into Boomer-world: hint … no, we didn’t actually live our lives in the grainy, faded colors of your mom’s old Super 8 home movies and not every grandpa out there mountain bikes up Pike’s Peak on the weekend.
Fortunately, ambitious Millennials looking to join the Rebel Alliance can learn to prosper among the 110+ million Americans over 50 who make up the world’s third largest economy.
So, trust the wisdom of Obi-Wan: “These ARE the droids you’re looking for” … click and make the jump to hyperspace.