Marketers put a lot of focus on connecting with Gen Z—who are sometimes called zoomers—but older generations still drive much of our economy. This is the first installment of a three-part Generations series that explores the current attitudes, habits, and mindsets of baby boomers, members of Gen X, and millennials. We look at how to connect with them effectively and cultivate their loyalty. Let’s begin by focusing on boomers.
Popular culture often emphasizes the stereotype of baby boomers as out-of-touch, technologically illiterate curmudgeons complaining about the price of coffee at their local Starbucks. But that idea couldn’t be more wrong.
In reality, baby boomers make up an active, engaged demographic with significant disposable income—and the free time to spend it. Born between 1946 and 1964, baby boomers represent 20% of the U.S. population, or approximately 68 million adults. While many are stepping back from full-time work, 19% of Americans age 65 and older are working, and 62% of those workers are full time. They also own more than 50% of the U.S. wealth and spend more per transaction than other generations.
Like their younger counterparts, baby boomers have unique brand expectations and preferences. Knowing how to communicate with them and deliver the brand experiences they favor is key to building strong connections and lasting loyalty.
To earn their devotion, let’s consider how best to reach this generation with messaging, products, and experiences.
Affluent, yes. Spendthrifts, no.
Baby boomers now range in age from 60 to 78, and at this stage in life, most are spending more money than they’re saving, living life to the fullest while managing their funds to last their lifetimes. According to a 2022 report from Mintel, baby boomers tend to be price conscious, looking for overall value. They prefer premium brands and stores. They value practical pricing, stability, dependability, and clear information from the brands they trust.
Surprisingly tech savvy
The COVID-19 pandemic was a catalyst for many baby boomers who’d previously shied away from newer technology. In fact, according to Better Marketing, there’s “no appreciable ‘technology gap’ between the AARP set and the younger set today—whether you are talking about smartphones, smart TVs, tablets and more.” Boomers do trail younger counterparts in terms of wearables, but only narrowly, asserts David C. Wyld, a consultant and professor of strategic management. “The percentage of seniors who own these devices … is generally within 10% of the rate found in folks younger—sometimes much younger—than themselves.”
Boomers are also seasoned users of social media channels to connect with family, friends, and the world. They spend most social media time on Facebook and Instagram, although they also like short-form videos found on YouTube. Mobile gaming is a fast-growing leisure activity among boomers. They’re also shopping online. In 2024, nearly 11 million consumers age 65 and older will make a purchase via social media, says eMarketer, a market research company.
Active and pursuing life’s pleasures
Whether spending time with their families and friends or pursuing hobbies, baby boomers are doing the things they’ve dreamed of but may not have had the time for when building careers and raising families. According to a 2022 report from a leading market intelligence research company, they care about maintaining healthy lives, managing their personal finances, and enjoying hobbies. Popular activities that keep boomers engaged and fulfilled include staying fit (think: pickleball and swimming), dating, engaging in tech, improving their homes, traveling, volunteering, playing music, and pursuing spiritual and social experiences.
In fact, boomers are a dynamic generation, redefining expectations of retirement and aging. Today’s boomers are shifting societal perceptions and expectations of what it means to be “old.” From traveling to volunteering to participating in political activism, they’re using their retirement years to change and to facilitate change, belying the stereotype that older adults are passive and disengaged from the world.
How can your brand make an emotional connection?
Collecting and leveraging customer data specific to baby boomers is critical to providing targeted, personalized messaging and offers that fit their mindset.
Use a multichannel approach
Marketers targeting baby boomers should employ various channels and platforms that effectively reach this demographic. While digital marketing channels are important for consumers in all demographics today, invest in other key channels where marketers can find seniors:
By using a mix of these channels and tailoring marketing messages to resonate with baby boomers’ interests, values, and preferences, marketers can effectively reach and engage this important demographic.
Read our white paper: Generationally Speaking: Gen Z Transforms Loyalty
Barb Olson is vice president, Strategic Services. For more than 30 years, The Lacek Group has been innovating the art and algorithms of brand devotion. We help world-class brands identify their highest-potential customers, engage them across channels throughout their lifecycles, personalize each relationship for optimal long-term results, and measure the true effectiveness of those efforts.