Size doesn’t matter. G-Xers, smallest of generational groups, spends the most on luxury goods [American Express]
When it comes to luxury goods, the buying power Gen Xers far exceeds their size
- The 46 million members of Generation X represent $125 billion in spending power
- Every year they spend:
$3,235 annually on fragrances, cosmetics and beauty products
$6,066 annually on fashion accessories
$23,027 annually on men's and women's clothing
$3,922 annually on wines and liquors
But… Millenials might be the best stimulus package (Millennialmarketer.com)
Gen Y influences as much as half of all spending in the US economy
- More than 4 in 5 (81%) of clothing/apparel purchases
- More than 3 in 4 (77%) of food/grocery purchases
- Technology related purchases:
- Nearly 7 in 10 (69%) video game/system purchases
- More than 2 in 3 (68%) computer purchases
- 2 in 3 (66%) cell phone purchases
Politically uninvolved? You got the wrong generation (Pew Research)
Millenials prove their critics wrong by being socially and politically active
- 49% of people ages 18-29 voted in the 2004 election, up 9% from 2000 (40%)
- Millennials are more likely to vote Democrat than Republican (51% Democrat vs. 37% Republican)
- 58% favor gays/lesbians adopting children
- 48% support gay marriage
- 68% approve of inter-racial dating
- 31% believed abortion should be “generally available”
Want to talk to generation X? Do it in many languages [NASA Recruitment]
The large number of immigrants in Generation X makes diverse messaging a must
- Nearly 3 in 10 (29%) immigrants is a Gen Xer
- At least 1 in every 7 individuals in Gen X is an immigrant
- More than 6 in 10 (62%) Gen Xer’s is White, while 13% are African American, 12% Hispanic, 4% Asian, and 1% American Indian