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My aunts and uncles fall into the Boomer generation, and if I have learned anything from watching their shopping habit it is loyalty.When my uncle heard a rumor that his favorite deodorant (Old Spice Original) was changing their formula, he went out and bought enough to last him the rest of his life.Same thing happens when my aunts discover their favorite wines, they will buy every bottle Trader Joes has as if it’s Apocalypse Now.If you can prove that your product is great quality and will be necessary for an indefinite amount of time, you should be able to acquire some Boomers as customers.According to the AARP, US adults over 50 spend .2 trillion annually and have accumulated trillion in financial assets; which is greater than the total GDP of countries such as Italy, Russia, the UK and France!The over-50 crowd accounts for 50% of all consumer expenditures, but we marketers are only spending 10% of our budgets on them.The Boomers are the most likely to misunderstand Facebook remarketing ads clogging up their Newsfeeds but still be receptive to direct marketing/sales tactics; they like to talk to real people.Boomers have the highest value as consumers in the market today!
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Surprisingly, this generation even spends the most on technology—everything from premium cable to the latest smartphone.
Gen Xers are now juggling child care, homeownership, and reaching the peak of their careers.
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