Thursday, August 13, 2015

Revealed - 6 Ways Boomers Are Impacting The Consumer Landscape

Thanks to Boomers, the fastest-growing segment of the population over the next 10 years will continue to be people age 50+. Indeed, the over-50 population will grow by 15.1 million, or nearly three times faster than people age 18-49, a segment that will grow by just 6.3 million. That disproportionate growth will affect nearly every industry. It will grow the consumer base of endemic sectors that already serve older consumers (e.g., health and finance), and it will age the consumer base of mainstream sectors. At the same time, Boomers’ consumer needs will change dramatically due to meaningful life stage transitions, and these changing needs will transform key business sectors.

Just how far-reaching will the impact be? To get a sense of the transformative effects of Boomer aging, take a look at its impact on these six key business sectors.  To see the six factors read the entire article here courtesy of mediapost.com.

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