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The mature market is a growing economic force that can't be ignored; it will transform multiple industries unlike any prior demographic shift in recent history. Over the next five to 10 years seniors will offer a unique marketing opportunity because they will have a level of wealth and income that is unlikely to be matched by future generations.
INVOLVED CONSUMERS|
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Larger than African-American and Hispanic market segments combined.
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The most affluent of any age segment
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Account for 60% of all healthcare spending
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Purchase 74% of all prescription drugs
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Buy 51% of all over-the-counter drugs
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Acquire 41% of all new cars
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Purchase 25% of all toys
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Account for 80% of all luxury travel
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Spend $7 billion online annually
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Fastest growing segment on the Internet
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Spend more time online than teenagers
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Adults 50+ control a household net worth of $19 trillion.
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Own more than three-fourths of the nation's financial wealth
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Own 70% of all money market accounts and certificates of deposit assets
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Have an income per capita that is 26% higher than the national average
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Spend more than one trillion dollars on goods and services
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The largest 55+ population resides in California, New York, and Florida respectively
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42% of museum visitors are 55+
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Spends more per capita on groceries, O-T-C products, travel and leisure than any other age group
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Travel ranks among the top leisure activities for men and women over 50
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Mature vacationers travel more frequently than any other age group and stay longer
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55+ households are the fastest growing user segment to embrace computer technology
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22 million adults 50+ are now online, representing 28% of the 50+ population.
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