New research suggests “older” means “happier” — will marketers get the message?

New research from the UK supports the idea that “older” people are happier than “younger” people. According to this study, one’s sense of happiness or well-being drops from age 20 to about age 50, then rises steadily to age 70, where it levels off.

This adds yet another complication for youth-obsessed marketers. Not only are they over-spending against people with less disposable income, those people are not as happy as the older folks  (who do have the disposable income) that the marketers are ignoring.

It’s not a matter of zeroing out the marketing dollars allocated to the younger age groups. Of course these groups must be pursued, and significant dollars spent against them. The problem is under-allocation against the older groups. The blunt truth is that marketers have lucked into twenty or thirty man-years of consumer spending by people who, in previous generations, would have literally been dead by this age, and yet are not only still alive but still active…and spending.

Is this overwhelming reality reflected in marketing budgets? Not even close.

 

Advertisements

Published by

davidcravit

. Vice President, Zoomer Media Ltd. . Author of "The New Old" . 30 years experience in marketing communications, advertising, media . Speaker, writer, commentator on the revolution in aging and how to market to Boomers and seniors

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s