Two thirds of female Baby Boomers “don’t pay attention to advertising” and, almost all wish brands would treat them like people and not stereotypes
New report outlines the frustrations of Baby Boomer women but also the enormous potential for engagement if brands stop targeting them by age and engage them through what they care about
Please see the report here: https://www.jwtintelligence.com/trend-reports/elastic-generation-female-edit/
A new report into women aged between 53 and 72 from the J. Walter Thompson London Innovation Group shows that 72% “don’t pay attention to advertising” while 91% wish advertisers would treat them like people and not stereotypes.
And with 78% of 50+ women* saying they control the purchase decisions in their households and the over 50s in general accounting for half of consumer spending in the UK** - 376 billion on discretionary items in 2016 - brands are missing out on huge potential opportunities.
Called “Elastic Generation: The Female Edit” the report is the latest publication in the agency’s long-running Elastic Generation research series, but this time focusses solely on women and incorporates findings from the Female Tribes Women’s Index study. As well as delivering deep-dive analysis of the market the study introduces trends that reflect the multi-faceted nature of Elastic Generation women and gives advice for brands engaging with them.
Overall ‘Elastic Women’ enjoy life more now they are older (61%), say they are more outspoken than they used to be (68%) and are making more effort to do what they always dreamed of doing (57%). You can download the report here:
Three main conclusions from the report, which can be downloaded here, are:
Marie Stafford, The European Director at the Innovation Group, says: “Women in their 50s, 60s and early 70s are active, engaged and involved. They are pillars of family, community and society and nothing they do is motivated by their age. So it’s a bitter irony that more than half feel that this makes them invisible to society and all brands want to talk to them about is their mortality and physical decline. These women are actually the foundation of our most dominant consumer force.”
Rachel Pashley, Head of Female Tribes Consulting, said: “The Women’s Index told us that this age group are independent, entrepreneurial, sexual beings: a million miles from the beige fleece wearing grandmas we imagine them to be. Now, The Elastic Generation: The Female Edit gives us a deeper understanding of what motivates them, delivers insights into understanding them and pointing to the enormous potential for innovation for the brands that welcome them. It’s a business opportunity that can’t be ignored.”
There are 12 trends covered in the report including ‘The New Power Consumer’, ‘Wild at Heart’ and ‘Returners and Encorepreneurs’. Three of them are broken down below;
73% of Elastic women say they hate the way their generation is patronised when it comes to technology, 55% believe their generation’s needs are not considered when technology is designed and 78% express no desire to buy technology that is especially designed for older people. Some areas brands should take into account include:
The New Style Leaders
In the New Style Leaders 69% of women surveyed think the fashion industry ignores people their age while 82% think that the clothes that are aimed at them are “way too old-fashioned”. A further 86% believe that style should not be defined by age. To combat this clients can:
53% say they enjoy splashing out on things for themselves nowadays, 54% say their favourite shop is good because it welcomes people of all ages and sizes and a massive 94% like online shopping because it gives them the ability to quickly compare prices.
*JWT Women’s Index 2016
** “The Economic Impact of the Silver Pound” published by Hitachi Capital (UK) PLC with CEBR in May 2017 and updated November 2017, http://bit.ly/2zb9IZ2
‘Elastic Generation: The Female Edit’ is a macro trend report that focuses on women aged 53 -72. It follows on from our original research that was published in 2015. Our research comprised several methodologies and covered the period May 2017 to December 2017.
In addition to extensive desk research, we conducted a quantitative survey using SONAR™,J. Walter Thompson London’s (JWT) proprietary online tool. In May 2017, we surveyed 248women aged 53 -72. We also surveyed 276 men for comparison.
We also used data from the Women’s Index Study, a global quantitative survey speaking toa nationally representative sample of women aged 17-70 years. The research covered 19 countries but for the purpose of this report we’ve just used UK data.
Additionally, we had 24 respondents take part in a week-long online community answeringquestions about their own behaviours, attitudes, and lifestyles.
Finally, we conducted in-depth interviews with experts and influencers across sectorsincluding beauty, fashion, wellness, and art.
Please note that all data was correct and up to date at the time of writing in December 2017.