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Affluent Baby Boomers

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Meet Carson and Summer. They are an upper middle class family – Carson is a marketing executive at a large services company and Summer is a finance manager at an engineering firm. Their annual combined income is about $160,000, putting them roughly in the top 5% income bracket among US households. With two children in middle school, they have very busy lives.

Overview

SeeSaw Networks has the most extensive network in the United States to reach affluent families who are out and about.

The SeeSaw Network includes:

Total # of Venues 17,000+ nationwide
# of Weekly Impressions 19+ million
45-54 Demographic Index* 128
55-64 Demographic Index* 94

* - Represents a demographic index for a national campaign compared to U.S. national average

SeeSaw’s unique ability to reach a targeted audience can be scaled up to a national media buy when a media planner blends multiple types of digital out-of-home venues from the SeeSaw Network. With SeeSaw, advertisers and agencies can easily create customized campaigns that cost effectively reach the affluent baby boomers by demographic and place-based targeting.

Venues
Bars & Restaurants - Buzztime
Bars & Restaurants - Ecast
Bookstores - BordersTV
Casino Hotels
Coffee Shops - Coffee Bean & Tea Leaf
Coffee Shops - Tully's
Dental Offices
Juice Bars - Juice It Up
Juice Bars - Robeks
US Border Crossings
Veterinary Clinics

Day in the life

A Day in the Life of Affluent Baby Boomers

As Summer and Carson, both with professional jobs, go about their day, digital out-of-home media engages them across a variety of venues:

Health Club Carson leaves for work, with a stop at his athletic club for a quick workout.
Office Building 7:45AM – Office Building
After parking his Acura MDX, Carson catches the elevators of his office building to reach his 12th storey office. Catches news headlines while riding the elevator on a small TV in the elevator.
Coffee Shop Summer stops at a coffee shop to pickup her muffin and latte after dropping kids at school on her way to work
Bars and Restaurants Carson has a business lunch at a local restaurant. Summer makes a quick trip to the deli downstairs.
Coffee Shop 3:02PM – Coffee Shop
Summer and Carson take a quick walk to the Starbucks across the street to get their afternoon Latte. Carson sees an ad for TaylorMade’s new Golf clubs while riding the elevator up to his office.
Gas Station Summer drives back home - makes a quick stop at a gas station to fill up her Audi.
Grocery Store Carson stops at a local store to pickup some groceries and drop off the DVD they rented a couple of days ago and pick up a new one. He also stops at a veterinarian clinic to pickup some medicine for their dog.

Activities

Activities for Affluent Baby Boomers

Carson and Summer spend their weekdays and weekends in the following activities:
  • Spend 9-10 hours at work. Carson travels about 20% of his time for business and, when traveling, is gone for 3-4 days at a time
  • Commute time either spent on the cell phone or listening to music on their CDs
  • Summer typically arrives early from work and prepares dinner for the family. Carson and the two children help Summer with dinner and chores. Dinner and chores take about 1.5 to 2 hours.
  • Carson and Summer catch up with kids about their school activities, help then with homework etc. for about 30 to 45 minutes a day
  • They spend about 30-45 minutes a day watching a previously recorded show on their TV/DVR
  • Weekends are very busy - about 2 hours at the Church; 3-4 hours at their golf/tennis/athletic club; a quiet family dinner or brunch at a local restaurant on Saturday; grocery shopping or home-related purchases that takes about 3-4 hours; get together over lunch or dinner with friends or relatives at their homes a couple of times a month

Research

Research About Affluent Baby Boomers

Affluent Baby Boomers’ Awareness of Digital Out-of-Home Media

  • Older affluents are as aware as general adults of digital signage advertising. They report seeing digital signage in malls, grocery stores, along streets and highways, and at airports.
  • Older affluents who are aware of this media within the past week have seen digital signage advertising in five or six different locations, on average.
  • Older affluents find advertising on digital signage more unique than advertising on all other media; they say that it is also more eye-catching and entertaining than advertising in magazines, the Internet, newspapers, and radio.
  • Older affluents are generally less likely to take action based on seeing advertisements on a particular media and this holds true with digital signage as well with 26% of older affluents said they had taken action after seeing advertisements on digital signage.

Source: OTX Digital Out-of-Home Media Awareness and Attitude Study – 2007

Download OTX Older Affluents Research
Download OTX Full Report

Spending and Media Consumption Patterns of Affluent Baby Boomers

Today's generation of affluent families are characterized by the following:
  • 17.8% of the US households have annual income above $100K, but only 5.6% of the individuals have incomes about $100K. Hence mass affluence is typically defined by double income families. – source US Census Bureau
  • They overindex on tennis, CDs and video cameras.
  • They are more likely to consume: Grey Poupon mustard, Progresso Soup, light/sugar free Yogurt, Power bars and Samuel Adams.
  • They are more likely to live in Stamford-Norwalk, CT; San Jose, CA; State College PA; Middlesex-Somerset, NJ; Nassau-Suffolk, NY; Danbury, CT; San Francisco, CA; Orange County, CA; and Ann Arbor, MI. – source American Demographics, 2003
  • They are more likely than average to say that they keep up with style and fashion.
  • Spending Power
    • Belonging to the upper quartile of the mass affluent demographics, Carson and June present an attractive audience to the advertisers.
    • The use their high disposable income to buy 'entry-level' luxury products, eat out more often and spend on fashion and leisure.
    • Actively purchase investment products -- typically have between $100k and $1M in liquid assets)
    • Have active social networks and influence the purchases of people around them

Source: American Affluence Research Center and American Demographics report “Worth a closer Look - demographics, psychographics and spending patterns of America's wealthy”

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