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Seniors

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The senior demographic is growing at a rapid pace and more marketers are realizing the power of this influential audience. More active and benefiting from greater disposable incomes than previous generations, senior citizens represent a financially secure market segment.
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The mature market is a growing economic force that can't be ignored; it will transform multiple industries unlike any prior demographic shift in recent history. Over the next five to 10 years seniors will offer a unique marketing opportunity because they will have a level of wealth and income that is unlikely to be matched by future generations.

A VITAL AUDIENCE
According to the U.S. Census Bureau, adults 50+ represent 76 million people, 28% of the total U.S. population and 37% of the population 18+. Demographic trends associated with the aging of the baby boomer population, plus gains in longevity, will grow the 50+ market to over 106 million by 2015 when they will account for 45% of the adult population. Seniors are, and will become even more, a market, social and political force to be reckoned with and hence a very attractive community to a range of advertisers and marketing sponsors.

INVOLVED CONSUMERSMiddleAgeCouplewithComputer
Freed from the constraints of raising a family and with more time of their own, mature consumers seek products, services, and activities that compliment their desire to live life to the fullest. The mature market has over $1.6 trillion in spending power and a net worth that's nearly twice the U.S. average. The facts speak for themselves -- the mature market represents a tremendous opportunity across all categories.

UNITED STATES MATURE MARKET

  • Larger than African-American and Hispanic market segments combined.
  • The most affluent of any age segment
  • Account for 60% of all healthcare spending
  • Purchase 74% of all prescription drugs
  • Buy 51% of all over-the-counter drugs
  • Acquire 41% of all new cars
  • Purchase 25% of all toys
  • Account for 80% of all luxury travel
  • Spend $7 billion online annually
  • Fastest growing segment on the Internet
  • Spend more time online than teenagers
  • Adults 50+ control a household net worth of $19 trillion.
  • Own more than three-fourths of the nation's financial wealth
  • Own 70% of all money market accounts and certificates of deposit assets
  • Have an income per capita that is 26% higher than the national average
  • Spend more than one trillion dollars on goods and services
  • The largest 55+ population resides in California, New York, and Florida respectively
  • 42% of museum visitors are 55+
  • Spends more per capita on groceries, O-T-C products, travel and leisure than any other age group
  • Travel ranks among the top leisure activities for men and women over 50
  • Mature vacationers travel more frequently than any other age group and stay longer
  • 55+ households are the fastest growing user segment to embrace computer technology
  • 22 million adults 50+ are now online, representing 28% of the 50+ population.

Contact us today to position your company in the senior market.

 

 

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