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Generation Y
The Next Great Generation
Created by Kristen Cosentino
First coined by William Straus and Neil
Howe in Millennials Rising: The Next
Great Generation
Sociologist, Kathleen Shaputis labeled
Millennials the “boomerang generation”
and the “Peter Pan” generation
Born in 1980-2000
Delayed “Rites of Passage” into
Adulthood
Perceived to be “late
bloomers” compared to
preceding generations
Late to move out
Late to get a job
Late to marry
Late to buy a house
Late to have first child
Millennials are the largest
generation on our planet
And as baby boomers taught us…
The larger the generation, the greater the influence over
social norms, expectations, and behaviors.
Why should we care?
Millennials’ spending
power is on the rise
• By 2018, annual spending
power is expected to be
3.39 trillion
Source: Oracle
Who are Millennials?
What do they like to do?
What do they value?
What do they buy?
The modern family
• Approachable
• No topic is off-limits
• Honest
• Friendly and informal
• Humor
• Open-minded
• Equality
“millennial”
celebrities
• Original
• Confident
• Controversial
• Independent
• “Loud and proud”
• Cutting-edge
• Unpredictable
Social groups
• Loyal
• Diverse
• Accepting
• Open-minded
• Equal
http://www.fox.com/watch/182414403971
A “Dream Big” mentality
54% want to start
a business or
have already started
one
90% think being an
entrepreneur is a
state of mind
92% believe success should
be measured by more than
profit
By 2025, 3 out of 4
workers will be millennials
80% want regular feedback
from their employers
The employee
Source: Time
The student
50% say they don’t need a
physical classroom
50% believe that online colleges are
reputable
39% view the future of education as
being more virtual in the future
Source: Millennial Branding
The traveler
 From 2000 to 2011, Bicycle
commuting rates in large
BFC’s increased 80% (NY, SF,
DC)
Real estate prices are rising
in places near bus and train
stations
48% of Millennials say word-
of-mouth influences their
purchases
Only 17% say that TV ads
promoted them to buy
The consumer
Source: Intrepid
Millennials want
brands that are:
Fun
Approachable
Transparent
Progressive
Socially Responsible
So,
How do you
reach
millennials?
…on their
mobile devices
What does this mean for marketers?
Ads must be savvy:
Relevant
Smart / Funny
Engaging
Conversation-starters
Memorable
Unobtrusive
Wearable mobile devices
are the future…
In fact, they may come out as soon
as this year…
Mobile advertising must be:
 Practical
 Fun
 Smart
 Tech-savvy
 Convenient
 Interactive
The next chapter…
The future is limitless

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Millennials: Why you should care

  • 1. Generation Y The Next Great Generation Created by Kristen Cosentino
  • 2. First coined by William Straus and Neil Howe in Millennials Rising: The Next Great Generation Sociologist, Kathleen Shaputis labeled Millennials the “boomerang generation” and the “Peter Pan” generation Born in 1980-2000
  • 3. Delayed “Rites of Passage” into Adulthood Perceived to be “late bloomers” compared to preceding generations Late to move out Late to get a job Late to marry Late to buy a house Late to have first child
  • 4.
  • 5. Millennials are the largest generation on our planet And as baby boomers taught us… The larger the generation, the greater the influence over social norms, expectations, and behaviors.
  • 6. Why should we care? Millennials’ spending power is on the rise • By 2018, annual spending power is expected to be 3.39 trillion Source: Oracle
  • 7. Who are Millennials? What do they like to do? What do they value? What do they buy?
  • 8.
  • 9. The modern family • Approachable • No topic is off-limits • Honest • Friendly and informal • Humor • Open-minded • Equality
  • 10. “millennial” celebrities • Original • Confident • Controversial • Independent • “Loud and proud” • Cutting-edge • Unpredictable
  • 11. Social groups • Loyal • Diverse • Accepting • Open-minded • Equal http://www.fox.com/watch/182414403971
  • 12. A “Dream Big” mentality 54% want to start a business or have already started one 90% think being an entrepreneur is a state of mind
  • 13. 92% believe success should be measured by more than profit By 2025, 3 out of 4 workers will be millennials 80% want regular feedback from their employers The employee Source: Time
  • 14. The student 50% say they don’t need a physical classroom 50% believe that online colleges are reputable 39% view the future of education as being more virtual in the future Source: Millennial Branding
  • 15. The traveler  From 2000 to 2011, Bicycle commuting rates in large BFC’s increased 80% (NY, SF, DC) Real estate prices are rising in places near bus and train stations
  • 16. 48% of Millennials say word- of-mouth influences their purchases Only 17% say that TV ads promoted them to buy The consumer Source: Intrepid
  • 17. Millennials want brands that are: Fun Approachable Transparent Progressive Socially Responsible
  • 19. What does this mean for marketers? Ads must be savvy: Relevant Smart / Funny Engaging Conversation-starters Memorable Unobtrusive
  • 20. Wearable mobile devices are the future… In fact, they may come out as soon as this year… Mobile advertising must be:  Practical  Fun  Smart  Tech-savvy  Convenient  Interactive The next chapter…
  • 21. The future is limitless