Multi-generational parents outspending their counterparts, but feel less included in advertising
In recent years it’s become clear that the word “family” doesn’t have to mean a mother, father and 2.5 children. Some families are multi-generational where grandparents have a bigger role in raising their grandchildren, or include two same sex parents, and these new families translate to big bucks for retailers and marketers. New research from Mintel finds that multi-generational families are more likely than all parents surveyed to say they have increased spending on their kids in each of the categories considered, but half (50%) wish families like theirs were better represented in TV and print ads.