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THE WORLD IS ABOUT TO GET




       UNDERSTANDING A NEW GENERATION
                    MARCH, 2013
THE YOUNGEST MILLENNIAL IS NOW 19…
A NEW GENERATION ARE COMING AND WE
     NEED TO UNDERSTAND THEM



                    WHAT MAKES
LIVING IN A
MILLENNIAL
 WORLD…


 THE SOUND HEADED TO UK, CANADA, AND
USA TO EXPLORE THE NEXT GENERATION OF
            CONSUMERS…
MILLENNIALS RULED THE WORLD...
               A LARGE & INFLUENTIAL GENERATIONAL COHORT,
               MILLENNIALS ARE DEFINED BY CRISES AND
               OPPORTUNITY... AND BOOMER PARENTS




BORN
BETWEEN
1980 AND
1994
& 76 MILLION
STRONG

               ACHIEVEMENT                                   EXTENDED
                             CONFORMIST    COLLABORATIVE
                OBSESSED                                   ADOLESCENCE



                 FUTURE                                    TECHNOLOGY
                              IDEALISTIC     OPTIMISTIC
                FOCUSED                                     ASPIRANTS
INTRODUCING
GENERATION EDGE..
BORN FROM
               75 MILLION
  1995 TO
              & COUNTING
 PRESENT


 BUYING POWER OF $312.3
 BILLION & INFLUENCE $600
                  1
BILLION IN FAMILY SPENDING


  AND A GENERATION VERY
DIFFERENT TO MILLENNIALS...


THE WORLD OF MARKETING,
INNOVATION & RESEARCH IS
       ABOUT TO CHANGE.


               1. WILLIAMS K. (2010) Marketing to the generations
WHAT’S GIVEN THIS GENERATION EDGE?
               CONTEXT SHAPED A NEW GENERATIONS VALUES
               AND ASPIRATIONS




A GENERATION
BORN INTO A
WORLD ON         ECONOMY                     SOCIAL
THE EDGE OF
COLLAPSE...
THEY IN TURN
NEED EDGE TO
SURVIVE
                 POLITICAL              TECHNOLOGY
WHAT MAKES
EDGE?
THE ECONOMY
IT’S THE ECONOMY STUPID
  GENERATION EDGE TEENS HAVE ONLY KNOWN
  RECESSION & BLEAK GROWTH…


                                                                                                      4




           POSITIVE GROWTH                                                                            2



                                                                                                      0




          NEGATIVE GROWTH                                                                         -2


                                                                                                  -4

         MILLENNIAL FORMATIVE YEARS              VS. GENERATION EDGE FORMATIVE YEARS

1987      1990               1995                2000                 2005                2010


                           REAL GDP GROWTH // US ECONOMY
                                                                                        SOURCE: IMF



 “IT’S REALLY HARD FOR PEOPLE IN MY GENERATION NOT TO
      FEEL COMPLETELY DEFEATED BY THIS ECONOMY.”
       UNEMPLOYED COLLEGE GRAD// BLOGGER LANCE FULLER, 26 NEW YORK TIMES // 18 DECEMBER 2012
IT’S THE ECONOMY STUPID
GENERATION EDGE ARE HAVING TO GROW UP FAST AND
BE REALISTIC ABOUT THEIR FUTURE




  A COFFEE SHOP IN THE UK HAD 1,700 APPLICANTS FOR
 EIGHT JOBS—OR 212 APPLICATIONS FOR EACH POSITION
                   Daily Mail // February 19, 2012




   "AFTER 16 YEARS OF ECONOMIC PROSPERITY, THE
     PROBABILITY IS THIS GENERATION WILL HAVE
 EXPERIENCED QUITE SIGNIFICANT ECONOMIC TURMOIL
  BEFORE THEY GET TO ADULTHOOD AND IT’S GOING TO
 MAKE THEM A LITTLE MORE MEASURED, RESERVED AND
                  CONSERVATIVE."
                 BERNARD SALT, KPMG DEMOGRAPHER
ECONOMIC IMPACT ON EDGE
UNLIKE MILLENNIALS, GENERATION EDGE ARE BEING
FORCED TO THINK OF ALTERNATIVE WAYS OF MAKING IT IN
THE WORLD… MAKING THEM RESOURCEFUL




  “WHERE PREVIOUS GENERATIONS HAD TO RELY ON A
   PARENT OR TEACHER OR SUPERVISOR TO EXPLAIN
     SOMETHING, THIS GENERATION ISN'T BOUND BY
    THOSE CONSTRAINTS AND CAN ACCESS THE INFO
  THEY NEED WHEN THEY NEED IT AND GET TO WORK.”
             MARKETING TO THE GENERATIONS // K.WILLIAMS // 2010
WHAT MAKES
EDGE? &
UNIQUE PARENTING
EDUCATIONAL CONTEXT
PARENTING MATTERS
UNLIKE MILLENNIALS AND THEIR OPTIMISTIC BOOMER
PARENTS, GENERATION EDGE ARE BEING RAISED BY GEN-X


“I WANT MY CHILDREN TO
BELIEVE IN THEMSELVES,                 GEN-X
ACHIEVE GREAT THINGS...            PARENTS ARE
  AND I‟LL BE THERE TO                CYNICAL,
HELP THEM ALL THE WAY”             CHALLENGING,
      BOOMER PARENT
                                    & PREPARING

                          VS.


     BOOMER
   PARENTS ARE
    OPTIMISTIC,                 “I DON‟T EXPECT LIFE TO
  EMPOWERING, &                 BE EASY FOR HIM, BUT I
  HELICOPERTING                   THINK I‟VE GIVEN HIM
                                THE TOOLS; THE REST IS
                                       UP TO HIM”
                                     GEN-X PARENTS
SCHOOLING FOR LIFE
GEN-EDGE HAVE BEEN BROUGHT UP IN AN EDUCATIONAL
SYSTEM THAT EMPHASIZES THE PRACTICAL VS.
THEORETICAL. EXPECT CALLS FOR EVEN MORE REFORM
TO READY THEM FOR THE ‘REAL’ WORLD…




    “IT IS NO SECRET THIS SYSTEM OF STANDARDIZED
   TESTING IS TURNING US INTO MINDLESS DRONES. A
  STUDENT CAN BE VERY BOOK SMART AND PASS THEIR
 MCAT. BUT DOES THIS MEAN THEY HAVE WHAT IT TAKES
                    TO SAVE A LIFE?

AND NO, THROWING A FEW iPADS IN THE MIX ISN’T GOING
                    TO CUT IT“
         BEHSHID BEHROUZI, Gr. 10 Student, TEDX WINCHESTER TEACHERS, 2013
WHAT MAKES
EDGE?COLLAPSE
INSTITUTIONAL
INSTITUTIONAL TRUST COLLAPSE



         “THEM”                          VS                         “US”
 THE TARP BILL SAW $475 BILLION                    OVER 25 MILLION HOMES
   PAID TO BANKS, INSURANCE                     REPOSSESSED OR FORECLOSED
 COMPANIES AND CORPORATIONS                            ON SINCE 2007

US CAR INDUSTRY RECEIVED $24.9                    7 MILLION JOBS LOST DURING
   BILLION DOLLAR BAILOUT                                RECESSION (US)
  BILLIONS PAID IN BONUSES TO
    BANKERS SINCE BAILOUT                         MEDIAN HOUSEHOLD INCOME
                                                 HAS DROPPED 8.2% SINCE 2009
  FACEBOOK PAID NO INCOME &
 FEDERAL TAXES IN 2012 DESPITE                    GLOBAL INCOME TAX RATES
HUGE PROFITS AND RECEIVED $429                   HAVE BEEN INCREASING SINCE
       MILLION REFUND                                        2008


    “I THINK WHAT PEOPLE OFTEN FORGET IS THIS ALL
HAPPENED BEFORE. MY GENERATION [GEN-X] NEVER HAD IT
   EASY—WE GREW UP IN TOUGH TIMES TOO ... BUT WE
            SURVIVED AND SO WILL OUR KIDS.
                  Parent OF GEN-EDGE // CHICAGO // Ethnography Interview
INSTITUTIONAL TRUST COLLAPSE IMPACT ON EDGE
 UNLIKE MILLENNIALS, GENERATION EDGE AREN’T
 CONFORMIST AND ACTIVELY CHALLENGE INSTITUTIONS &
 BRANDS … THEY’RE FOCUSED REFORMISTS




    “DURING OCCUPY WALL STREET A BROOKLYN
MOTHER ORGANIZED A SLEEPOVER FOR MORE THAN 80
PARENTS AND THEIR CHILDREN. MANY BELIEVED THEY
MUST SEIZE THIS "TEACHABLE MOMENT" TO EDUCATE
 THEIR KIDS ON INCOME EQUALITY AND THE RIGHT TO
                    PROTEST.”
                   CNN BLOG // APRIL, 2012
WHAT MAKES
EDGE?
TECHNOLOGY
TECHNOLOGY IS A TOOL
FOR GENERATION EDGE, TECHNOLOGY JUST IS…
THEY‘VE NEVER KNOWN A WORLD WITHOUT IT AND
INNOVATION IS EXPECTED




 "TECHNOLOGY DOESN'T MAKE ME WHO I
     AM, IT LETS ME BE WHO I AM."
                JILL // 16, CHICAGO // SOUNDING BOARD PARTICIPANT




“I AM BETTING THAT THE POST-MILLENNIALS WILL NOT BE
   AS ENAMOURED WITH TECHNOLOGY, MULTI-TASKING,
 COLLABORATION, SELF-PROMOTION AND OTHER TRAITS
            WE IDENTIFY WITH KIDS TODAY.”
        ROB SALKOWITZ, AUTHOR OF GENERATION BLEND & YOUNG WORLD RISING
WHAT’S
COMING?
A NEW & DIFFERENT GENERATION




    MILLENNIAL                 GENERATION EDGE
                         VS.    ACCELERATED ADULTHOOD
 EXTENDED ADOLESCENCE
       IDEALISTIC                     REALISTIC
 ACHIEVEMENT OBSESSED           ACHIEVEMENT REDEFINED
    FUTURE FOCUSED                  NOW FOCUSED

      CONFORMIST                     REFORMIST
                                    HARD WORKING
        ENTITLED
  TECHNOLOGY ASPIRANTS            TECHNOLOGY USERS

     COLLABORATIVE                    INDIVIDUAL
WHAT DOES
THIS MEAN
FOR
BRANDS?
WHAT THIS MEANS FOR BRANDS
CONNECTING WITH GENERATION EDGE WILL BE VERY
DIFFERENT TO MILLENNIALS...




  DOES YOUR POSITIONING ALIGN WITH                 THE BRANDS
  EDGE‟S ALTERNATIVE ASPIRATIONS?                  THAT WILL
                                                   THRIVE WILL BE
   DOES YOUR INNOVATION STRATEGY                   THE BRANDS
                                                   THAT APPLY EDGE
    MEET EDGE‟S NEED TO SURVIVE?                   TO THEIR
                                                   STRATEGY.
   DOES YOUR COMMUNICATION HAVE
    ENOUGH EDGE TO GET NOTICED?                    THE WORLD
                                                   IS ABOUT TO
                                                   CHANGE…

    “MARKETING TO MILLENNIALS RESULTED IN AN
     ENDLESS QUEST FOR BRAND AUTHENTICITY.
      GENERATION EDGE WILL BE ENGAGED BY
       ANOTHER „A‟ WORD. The ALTERNATIVE.”
              IAN PIERPOINT, PRESIDENT THE SOUND
THE WORLD IS ABOUT TO GET EDGE:
UNDERSTANDING A NEW GENERATION
THE SOUND PARTNERSHIP STUDY // MARCH 2013
        www.thesoundresearch.com

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Meet Generation Edge: The Newest Group Of Consumer Spenders by Ian Pierpoint - Presented at Insight Innovation eXchange LATAM 2013

  • 1. THE WORLD IS ABOUT TO GET UNDERSTANDING A NEW GENERATION MARCH, 2013
  • 2. THE YOUNGEST MILLENNIAL IS NOW 19… A NEW GENERATION ARE COMING AND WE NEED TO UNDERSTAND THEM WHAT MAKES LIVING IN A MILLENNIAL WORLD… THE SOUND HEADED TO UK, CANADA, AND USA TO EXPLORE THE NEXT GENERATION OF CONSUMERS…
  • 3. MILLENNIALS RULED THE WORLD... A LARGE & INFLUENTIAL GENERATIONAL COHORT, MILLENNIALS ARE DEFINED BY CRISES AND OPPORTUNITY... AND BOOMER PARENTS BORN BETWEEN 1980 AND 1994 & 76 MILLION STRONG ACHIEVEMENT EXTENDED CONFORMIST COLLABORATIVE OBSESSED ADOLESCENCE FUTURE TECHNOLOGY IDEALISTIC OPTIMISTIC FOCUSED ASPIRANTS
  • 4. INTRODUCING GENERATION EDGE.. BORN FROM 75 MILLION 1995 TO & COUNTING PRESENT BUYING POWER OF $312.3 BILLION & INFLUENCE $600 1 BILLION IN FAMILY SPENDING AND A GENERATION VERY DIFFERENT TO MILLENNIALS... THE WORLD OF MARKETING, INNOVATION & RESEARCH IS ABOUT TO CHANGE. 1. WILLIAMS K. (2010) Marketing to the generations
  • 5. WHAT’S GIVEN THIS GENERATION EDGE? CONTEXT SHAPED A NEW GENERATIONS VALUES AND ASPIRATIONS A GENERATION BORN INTO A WORLD ON ECONOMY SOCIAL THE EDGE OF COLLAPSE... THEY IN TURN NEED EDGE TO SURVIVE POLITICAL TECHNOLOGY
  • 7. IT’S THE ECONOMY STUPID GENERATION EDGE TEENS HAVE ONLY KNOWN RECESSION & BLEAK GROWTH… 4 POSITIVE GROWTH 2 0 NEGATIVE GROWTH -2 -4 MILLENNIAL FORMATIVE YEARS VS. GENERATION EDGE FORMATIVE YEARS 1987 1990 1995 2000 2005 2010 REAL GDP GROWTH // US ECONOMY SOURCE: IMF “IT’S REALLY HARD FOR PEOPLE IN MY GENERATION NOT TO FEEL COMPLETELY DEFEATED BY THIS ECONOMY.” UNEMPLOYED COLLEGE GRAD// BLOGGER LANCE FULLER, 26 NEW YORK TIMES // 18 DECEMBER 2012
  • 8. IT’S THE ECONOMY STUPID GENERATION EDGE ARE HAVING TO GROW UP FAST AND BE REALISTIC ABOUT THEIR FUTURE A COFFEE SHOP IN THE UK HAD 1,700 APPLICANTS FOR EIGHT JOBS—OR 212 APPLICATIONS FOR EACH POSITION Daily Mail // February 19, 2012 "AFTER 16 YEARS OF ECONOMIC PROSPERITY, THE PROBABILITY IS THIS GENERATION WILL HAVE EXPERIENCED QUITE SIGNIFICANT ECONOMIC TURMOIL BEFORE THEY GET TO ADULTHOOD AND IT’S GOING TO MAKE THEM A LITTLE MORE MEASURED, RESERVED AND CONSERVATIVE." BERNARD SALT, KPMG DEMOGRAPHER
  • 9. ECONOMIC IMPACT ON EDGE UNLIKE MILLENNIALS, GENERATION EDGE ARE BEING FORCED TO THINK OF ALTERNATIVE WAYS OF MAKING IT IN THE WORLD… MAKING THEM RESOURCEFUL “WHERE PREVIOUS GENERATIONS HAD TO RELY ON A PARENT OR TEACHER OR SUPERVISOR TO EXPLAIN SOMETHING, THIS GENERATION ISN'T BOUND BY THOSE CONSTRAINTS AND CAN ACCESS THE INFO THEY NEED WHEN THEY NEED IT AND GET TO WORK.” MARKETING TO THE GENERATIONS // K.WILLIAMS // 2010
  • 10. WHAT MAKES EDGE? & UNIQUE PARENTING EDUCATIONAL CONTEXT
  • 11. PARENTING MATTERS UNLIKE MILLENNIALS AND THEIR OPTIMISTIC BOOMER PARENTS, GENERATION EDGE ARE BEING RAISED BY GEN-X “I WANT MY CHILDREN TO BELIEVE IN THEMSELVES, GEN-X ACHIEVE GREAT THINGS... PARENTS ARE AND I‟LL BE THERE TO CYNICAL, HELP THEM ALL THE WAY” CHALLENGING, BOOMER PARENT & PREPARING VS. BOOMER PARENTS ARE OPTIMISTIC, “I DON‟T EXPECT LIFE TO EMPOWERING, & BE EASY FOR HIM, BUT I HELICOPERTING THINK I‟VE GIVEN HIM THE TOOLS; THE REST IS UP TO HIM” GEN-X PARENTS
  • 12. SCHOOLING FOR LIFE GEN-EDGE HAVE BEEN BROUGHT UP IN AN EDUCATIONAL SYSTEM THAT EMPHASIZES THE PRACTICAL VS. THEORETICAL. EXPECT CALLS FOR EVEN MORE REFORM TO READY THEM FOR THE ‘REAL’ WORLD… “IT IS NO SECRET THIS SYSTEM OF STANDARDIZED TESTING IS TURNING US INTO MINDLESS DRONES. A STUDENT CAN BE VERY BOOK SMART AND PASS THEIR MCAT. BUT DOES THIS MEAN THEY HAVE WHAT IT TAKES TO SAVE A LIFE? AND NO, THROWING A FEW iPADS IN THE MIX ISN’T GOING TO CUT IT“ BEHSHID BEHROUZI, Gr. 10 Student, TEDX WINCHESTER TEACHERS, 2013
  • 14. INSTITUTIONAL TRUST COLLAPSE “THEM” VS “US” THE TARP BILL SAW $475 BILLION OVER 25 MILLION HOMES PAID TO BANKS, INSURANCE REPOSSESSED OR FORECLOSED COMPANIES AND CORPORATIONS ON SINCE 2007 US CAR INDUSTRY RECEIVED $24.9 7 MILLION JOBS LOST DURING BILLION DOLLAR BAILOUT RECESSION (US) BILLIONS PAID IN BONUSES TO BANKERS SINCE BAILOUT MEDIAN HOUSEHOLD INCOME HAS DROPPED 8.2% SINCE 2009 FACEBOOK PAID NO INCOME & FEDERAL TAXES IN 2012 DESPITE GLOBAL INCOME TAX RATES HUGE PROFITS AND RECEIVED $429 HAVE BEEN INCREASING SINCE MILLION REFUND 2008 “I THINK WHAT PEOPLE OFTEN FORGET IS THIS ALL HAPPENED BEFORE. MY GENERATION [GEN-X] NEVER HAD IT EASY—WE GREW UP IN TOUGH TIMES TOO ... BUT WE SURVIVED AND SO WILL OUR KIDS. Parent OF GEN-EDGE // CHICAGO // Ethnography Interview
  • 15. INSTITUTIONAL TRUST COLLAPSE IMPACT ON EDGE UNLIKE MILLENNIALS, GENERATION EDGE AREN’T CONFORMIST AND ACTIVELY CHALLENGE INSTITUTIONS & BRANDS … THEY’RE FOCUSED REFORMISTS “DURING OCCUPY WALL STREET A BROOKLYN MOTHER ORGANIZED A SLEEPOVER FOR MORE THAN 80 PARENTS AND THEIR CHILDREN. MANY BELIEVED THEY MUST SEIZE THIS "TEACHABLE MOMENT" TO EDUCATE THEIR KIDS ON INCOME EQUALITY AND THE RIGHT TO PROTEST.” CNN BLOG // APRIL, 2012
  • 17. TECHNOLOGY IS A TOOL FOR GENERATION EDGE, TECHNOLOGY JUST IS… THEY‘VE NEVER KNOWN A WORLD WITHOUT IT AND INNOVATION IS EXPECTED "TECHNOLOGY DOESN'T MAKE ME WHO I AM, IT LETS ME BE WHO I AM." JILL // 16, CHICAGO // SOUNDING BOARD PARTICIPANT “I AM BETTING THAT THE POST-MILLENNIALS WILL NOT BE AS ENAMOURED WITH TECHNOLOGY, MULTI-TASKING, COLLABORATION, SELF-PROMOTION AND OTHER TRAITS WE IDENTIFY WITH KIDS TODAY.” ROB SALKOWITZ, AUTHOR OF GENERATION BLEND & YOUNG WORLD RISING
  • 19. A NEW & DIFFERENT GENERATION MILLENNIAL GENERATION EDGE VS. ACCELERATED ADULTHOOD EXTENDED ADOLESCENCE IDEALISTIC REALISTIC ACHIEVEMENT OBSESSED ACHIEVEMENT REDEFINED FUTURE FOCUSED NOW FOCUSED CONFORMIST REFORMIST HARD WORKING ENTITLED TECHNOLOGY ASPIRANTS TECHNOLOGY USERS COLLABORATIVE INDIVIDUAL
  • 21. WHAT THIS MEANS FOR BRANDS CONNECTING WITH GENERATION EDGE WILL BE VERY DIFFERENT TO MILLENNIALS... DOES YOUR POSITIONING ALIGN WITH THE BRANDS EDGE‟S ALTERNATIVE ASPIRATIONS? THAT WILL THRIVE WILL BE DOES YOUR INNOVATION STRATEGY THE BRANDS THAT APPLY EDGE MEET EDGE‟S NEED TO SURVIVE? TO THEIR STRATEGY. DOES YOUR COMMUNICATION HAVE ENOUGH EDGE TO GET NOTICED? THE WORLD IS ABOUT TO CHANGE… “MARKETING TO MILLENNIALS RESULTED IN AN ENDLESS QUEST FOR BRAND AUTHENTICITY. GENERATION EDGE WILL BE ENGAGED BY ANOTHER „A‟ WORD. The ALTERNATIVE.” IAN PIERPOINT, PRESIDENT THE SOUND
  • 22. THE WORLD IS ABOUT TO GET EDGE: UNDERSTANDING A NEW GENERATION THE SOUND PARTNERSHIP STUDY // MARCH 2013 www.thesoundresearch.com