Boomers 3.0: Marketing to Baby Boomers in Their Third Act of Life

Capitalizing on what is arguably the most important social phenomenon of our time and place―the aging of America―this book shows organizations how to market specifically to baby boomers in their third act of life.The graying of America is undeniable with an estimated 10000 boomers turning 65 every day. But to dismiss the baby boomer generation as a group no longer worth marketing to would be foolish. According to the Census Bureau in 2029―the year when the last boomer will have turned 65―there will still be more than 61 million boomers roughly 17 percent of the projected population of the United States. Boomers will still be the wealthiest generation in the United States until at least 2030 according to the Deloitte Center for Financial Services with their share of net household wealth to peak at 50.2 percent by 2020.Boomers 3.0: Marketing to Baby Boomers in Their Third Act of Life describes how to market to baby boomers from a cultural perspective specifically addressing the demographic group of baby boomers in their later adulthood―a period that will continue for the next two to three decades. The author uses the term 3.0 to indicate the baby boomers third phase of life and explains how this third act of life will differ from earlier periods; accordingly organizations should take a different approach to marketing to them than in the past. This book offers a way to contextualize business objectives within a culturally based forward-thinking framework that fully leverages the opportunities presented by what is perhaps the biggest and most affluent customer base in history. Readers will be able to use the strategies described to map territories to stake and mine in targeting boomers create meaningful relationships with individuals in this group and communicate effectively with boomers to offer them products and services.Identifies the 10 core values of the older middle class (cognitively healthy baby boomers age 52–80) that guide their attitudes and behavior and serve as cultural indicators of how they are likely to spend their time and money in the futureExplains how the unique core values and passion points of baby boomers fuel their consumer behaviorOffers a unique intelligent and forward-thinking cultural analysisOutlines many ways readers can capitalize on the information presented and act on real business opportunities