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

(Hardback)

Publishing Details

Classifications

Physical Properties

Description

Capitalizing on what is arguably the most important social phenomenon of our time and placethe aging of Americathis 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 10,000 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 2029the year when the last boomer will have turned 65there 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 adulthooda 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.

Reviews

Samuel provides fascinating, practical guidelines for marketing to baby boomers in the last third of their lives. . . . Readers will develop a basic understanding of the impact of ageism, community, and purpose. Research is current and explained well. Summing Up: Highly recommended. Lower-division undergraduates through faculty. * Choice *

Author Bio

Lawrence R. Samuel, PhD, is founder of Boomers 3.0, a consultancy dedicated to helping organizations create meaningful relationships with baby boomers in their third act of life.