The Baby Boomer Generation Market

Samantha Teten

About the Baby Boomers

After WWII, America changed from a poor economic and depressing time, to an era of hope and prosperity. More babies were born than ever before and the idea of suburban life and white picket fences appealed to most Americans. These babies became known as the Baby Boomers and were raised in a time of economic growth and cultural change.

Facts

Born between 1946 and 1964

76.4 million Baby Boomers in U.S.

By 2030, 20% of the population will be over the age of 65.

What This Means for Marketing

Statistics

  • Market includes 76 million people from this generation
  • This generation spends $400 billion more on average per year than the other generations
  • People over the age of 50 have $2.3 trillion in annual spending power
  • Control 70% of all the discretionary income

How to Reach Them

  • They don't consider themselves old, so target their youthfulness
  • They are at different stages of life with different family statuses from kids at home to single to grandparents, so they can't all be targeted the same
  • They have a great work ethic and ambition
  • They know the value of advertising so be straight forward
  • With money to spend, they are focused on quality products and less on the price

Sources