Forecasting Gen X Desires
Armida Ascano Explores the Desires of Baby Boomers and Gen X
In this course, we explore the desires and behaviors of four key micro-generations: Leading Boomers, Neo Boomers, Gen XS, and Gen Zenos, revealing insights that will help your business better connect with these important demographic groups. From the impact of global events on their formative years to the shifting values of each micro-generation, we will provide a holistic understanding of their motivations and desires, and guide you through what to expect from them in the coming years.
Generation X is often overlooked by marketers, despite being in their prime spending years. In this module, Armida will introduce you to our Generation X micro-generations: Gen XS and Gen Zenos. A look through their formative years and their transforming values will show you that discounting this generation and its influence would be dire.
Gen XS: Balancing Personal Success and Family Responsibilities
In their formative years, Gen XS experienced pop culture targeted toward young people and parents focused on their careers, which impacted their view of personal success. Gen XS is also the generation that witnessed terrible world events through their television sets. Today, many Gen Xers are financially supporting their parents and children while being the primary providers of their households. They are busy and family-focused, which is why they tend to spend their free time making memories with their loved ones. Trust is crucial to this generation, and they value no-frills reliability. They are also the highest household spenders among all micro-generations, with a love for convenience and comfort.
Gen Zenos: Natural-Born Misfits with a Creative Mind
Gen Zenos' formative years started with an era of inherited anxiety that made them risk-averse. They are the natural-born misfits, sitting in the middle of two different worlds, which can make for creative minds. Gen Zenos will no longer be satisfied with being the rock star of their office by 2025 and will want to start their own businesses. They are brand-loyal as long as the brand is innovative and prefer to be given facts through communication and marketing to make their own decisions. They highly value digital and analog, making them a key consumer for omni-channel.
Creating the Future for Gen-Xers
To create the future for Gen-Xers, you need to foster trust with this busy generation by being no-frills and reliable for them. Help them spend their free time making memories with their loved ones. Know that what's good for their kids is good for them, and provide convenience and comfort. For Gen Zenos, give them the facts to make their own decisions, and do not try to box them in.
Both of the Generation X micro-generations are trying to balance personal desires and familial responsibilities. Gen XS is busy and family-focused, while Gen Zenos is risk-averse and natural-born misfits with a creative mind. Both generations have different values, but they should not be overlooked by marketers.
In conclusion, understanding micro-generations and their desires is crucial for businesses and marketers looking to target specific age groups. With the traditional generational segments becoming outdated, the micro-generations matrix provides a more nuanced and consumer-centric approach. Through this course, we have explored the desires and values of Baby Boomer micro-generations, Gen X micro-generations, and more. By deep-diving into the formative years of each micro-generation, we can gain a holistic understanding of their demographic and anticipate their future desires. Brands that are able to understand and meet the needs of these micro-generations will be better positioned to capture their attention and loyalty, ultimately driving business success.