Conventional wisdom says that Millennials (18-32 year olds) and Boomers (49-67 year olds) are more different than alike. But when it comes to shopping, exactly how wide is the generation gap? A new study of Millennial and Boomer purchasing trends conducted by Radius Global Market Research (Radius GMR) shows that while there are certainly differences, there are also some significant similarities between the two groups.
Research
Millennial and Boomer Shoppers may be More Alike than you Think
Teens’ Time Spent Online Grew 37%
In sights from GfK’s MultiMedia Mentor show that teenagers’ Internet use is growing faster than that of any other key age group, abetted by a variety of devices – smartphones, tablets, videogame consoles, and connected TVs. Time spent online by teens (ages 13 to17) rose 37%, to just over 4 hours per day, compared to the beginning of 2012; by contrast, online minutes remained essentially flat for those aged 18 to 64, 18 to 54, and even 18 to 49.
Luminar strengthens Senior Management Team
Entravision Communications Corporation announced that its Luminar division, the “big data” analytics and modeling provider has added two new senior management positions which will further strengthen the company’s data analytics capabilities and programmatic ad buying sectors.
Second Generation Hispanics: Fueling Growth in the Youth Market (and Beyond) [INSIGHT]
It’s no secret that Hispanics are driving US population growth. But in recent years, the dynamics of that growth have changed. Ten to twenty years ago, young adults entering the US to look for work caused the Hispanic population to rise. Today, immigration has slowed due to the economy – but owing to high birth rates, the Hispanic population has continued its ascent.
Entre Nosotras: Auto Trends Report [REPORT]
Meredith Hispanic Media (MHM), publisher of Siempre Mujer and Ser Padres magazines, released findings from its Auto Trends Report detailing the car-buying habits and attitudes of the modern Latina.
Tremendous Growth in Audio Platform; AM/FM Radio Still Most Popular Platform
The study, which surveyed thousands of audio listeners who use one or more of the following audio sources – personal music collections (CDs, iTunes downloads), broadcast radio, streaming AM/FM radio, custom online playlists, satellite radio, online music videos and digital music channels on TV – shows that consumers recognize unique and important benefits for each audio platform, and will choose each based on the time of day and situational needs.
The Hispanic Population and America’s ‘Next Normal’ [INSIGHT]
Tr3s recently developed a new report, “The Latinization of America … A ‘Next Normal’ Exploration.” This analysis highlights the latest research on Hispanic Millennials’ contribution to the changing demographics of the United States, what life is like for the fast growing second-generation population, and new meanings of acculturation.
African Americans and Technology Use [REPORT]
This report on African Americans and technology is the first in a series of demographic snapshots of technology use and adoption among different groups of adults in the United States.
Electronic Media Usage Trends Among Hispanic Families [REPORT]
The National Center for Families Learning (NCFL) and the Center on Media and Human Development at Northwestern University release brand new data related
to reading and electronic media use in Hispanic households with young children.
America’s Newest Generation [REPORT]
Magid Generational Strategiesreleased new research that identifies unique traits and characteristics of the generation of Americans born after the Millennial Generation.
U.S. Population will be 317.3 Million on New Year’s Day 2014
As our nation prepares to begin the new year, the U.S. Census Bureau projected that on Jan. 1, 2014, the United States population will be 317,297,938. This represents an increase of 2,218,622, or 0.7 percent, from New Year’s Day 2013.
Key US foodservice trends for 2014 [INSIGHT]
The US restaurant industry has enjoyed modest growth in the past few years, and Mintel estimates sales of $438 billion in 2013, as well as a 5.9% increase in sales in 2014. Five key trends identified by Julia Gallo-Torres, category manager – US foodservice reports at Mintel, are set to shape restaurant menus and spur this continued growth.
New Generation Latinos and Technology [INSIGHT]
It’s no secret that young Latinos are big fans of technology. For a group that’s always on the go, cost-conscious, and highly social with friends and family near and far, they are very proficient at making the most of whatever technology is available to them.
Changing Patterns of Global Migration and Remittances [REPORT]
Patterns of global migration and remittances have shifted in recent decades, even as both the number of immigrants and the amount of money they send home have grown, according to a new Pew Research Center analysis of data from the United Nations and the World Bank.
Consumer Electronics Ownership Blasts Off in 2013
As Americans search through an array of electronic and connected devices for holiday gifts, Nielsen took a look at how ownership of devices has changed over the last few years and what consumer have in their homes today.
On Pay Gap, Millennial Women Near Parity – For Now [REPORT]
A new cohort of young women—members of the so-called Millennial generation—has been entering the workforce for the past decade. At the starting line of their careers, they are better educated than their mothers and grandmothers had been—or than their young male counterparts are now. But when they look ahead, they see roadblocks to their success.
Americans Less Likely to say 18 of 19 Industries are Honest & Trustworthy
When asked which industries are generally honest and trustworthy so that you normally believe a statement by a company in that industry, over two in five Americans (42%) reply “none of these” – an increase from last year, when 36% indicated the same.
Consumer Insights Shine a Light on Holiday Shopping [INSIGHT]
Every year there’s someone difficult to shop for. As we head into the holiday season, everyone has that friend or relative who poses a tricky gift-giving conundrum.
Age and Sex Table Packages and Race and Hispanic Origin Table Packages: 2012
Age and Sex Table Packages and Race and Hispanic Origin Table Packages: 2012 — These table packages are from the Current Population Survey and include detailed statistics about five-year age groups by sex, the older population (55 and older), and the Hispanic, black and Asian populations. The tables provide a wide range of social and economic characteristics, such as marital status, educational attainment, nativity, employment status, occupation and poverty. These tables are also available for previous years and are only available at the national level and should not be confused with similar American Community Survey statistics.
Millward Brown and Ogilvy & Mather launch The Brand Cross-Cultural Index
WPP’s Millward Brown and Ogilvy & Mather released a syndicated tool for understanding a brand’s value across racial or ethnic segments. The Brand Cross-Cultural Index (BCCI) is a brand equity database, assesses and ranks brands based on their appeal to non-Hispanic White, Hispanic, Black and Asian consumers.