- Disqus
- Transcript
- 0
Meet Generation Forget Everything You Z Learned About Millennials Image Source: National Geographic’s October 2013,125th Meet “Generation Z,” Americans born after Gen Y (from 1995 to present) who are currently under the age of 18. Marketers have been focused on Gen Y (a.k.a. Millennials) for more than a decade. In fact, Millennials are the most researched generation in history! But Gen Z is different from the Millennial generation. In many ways, Gen Zers are the opposites or extreme versions of Millennials and marketers need to adjust to them. We are just beginning to understand Gen Z and its impact on the future, but here is what we know and foresee… 2 3 There is a population tsunami approaching 361,000 Swing ( 69+ ) 10.5% Baby Boomers ( 50-68 ) Gen Z ( <19 ) Approximate number of babies born in the world each day. 25. 9% 23.6% Gen X ( 38-49 ) 15.4 % Millennials ( 20-37 ) 24.5% More than a quarter of America’s population belongs to Gen Z, and with each birth, the segment is growing. Source: U.S. Census Bureau, 2012 (via Mintel 2014) 4 They influence household purchases Percentage of moms who feel their Gen Z child is influential when purchasing the following Toy s Apparel The week’s dinner menu Entertainment Family vacation 74% 73% 69% 65% TV 60% Cell/mobile 55% Computer 84% 52% Home furnishing 32% Family cars 29% Source: JWT Intelligence 2012 5 A generation with disposable income Gen Z receive $16.90 per week in allowance which translates to $44 year billion a Source: Mintel 2013 “Activities of kids and teens.” 6 They love to shop, especially online Percentage of Gen Z who prefer shopping online vs. offline Offline Online 45% Clothes 55% Toy s Online games Offline games Books Electronics Music 50% 50% Fashion accessories 46% 53% 54% 47% 44% 56% 47% 53% 47% 53% Shoes Movies 43% 45% 57% 55% 53% 47% 40% Sports equipment 60% Beauty products 49% 51% Source: JWT Intelligence 2012 7 They are eager to start working 55% of high school students feel pressured by their parents to gain early professional experience 4 in 5 high school students believe they are more driven than their peers Parents of Gen Z encourage their children to find jobs early and independently without their help. Source: Study called “High School Careers” by Millennial Branding and Internships.com via entrepreneur.com 8 They are mature and in control Use of Illicit Substances (Among high school seniors) Alcohol 72 Marijuana 60 Cigarettes Teen Birth Rate 89.1 (per 1,000 women age 15-19) 80 Cocaine 40 60 20 40 29.4 1.3 1980 ’85 ’90 ’95 ’00 ’05 2010 1950 25% of Gen Z teens say they were in a physical fight in the past year (down from 42% surveyed in 1991) ’60 ’70 ’80 ’90 ’00 2010 10% of Gen Z teens say they tried an e-cigarette in 2012 (a doubling in one year) Source: Centers for Disease Control and Prevention via vox.com: WebMD (CDC Survey 2014) 9 They intend to change the world 26% of 16-to-19 year-olds are currently volunteering Social listening reveals that Gen Z are determined to “make a difference” and “make an impact.” Social entrepreneurship is one of the most popular career choices. Source: U.S. Department of Labor, 2013, 10 This is what Millennials started… Name: Mark Zuckerberg Fame Age: 20 Profession: Internet Entrepreneur 11 …this is how Gen Z took over… Name: Adora Svitak Fame Age: 16 Profession: Activist, author and advocate for education Her 2010 TED talk, “What Adults Can Learn From Kids,” has received over 3 million views. Source: Adorasvitak.com 12 …and this is the new norm for Gen Z Name: Logan Laplante Fame Age: 13 Profession: Advocate for DIY education His 2013 TED talk, “Hackschooling Makes Me Happy,” has received over 5 million views. Source: About.me/loganlaplante 13 What made them who they are? 14 Growing up in a post 9/11 world during a recession 1 in 4 American children are living in poverty 73% of Americans were personally affected by the Great Recession Gen Z were developing their personalities and life skills in a socio-economic environment marked by chaos, uncertainty, volatility and complexity. Blockbusters like The Hunger Games and Divergent depict teens being slaughtered. No wonder Gen Z developed coping mechanisms and a certain resourcefulness. Source: Rutgers 2013, Annie E. Casey Foundation 2013 15 They learned that traditional choices don’t guarantee success 30% of high school students today are pushing out their graduation date They witnessed the struggles of Millennials (think: older siblings, many still living at home), and have resolved to do things differently. Source: Report from Education week via The Atlantic 16 Their education system focused on inclusive classrooms and differentiated instruction They were raised in an American education system that focused on mainstreaming and classroom diversity. As a result, they are collaborative team players where everyone is equal at winning and losing. 17 Nature vs. Nurture: Gen Z had a unique childhood 18 +400% increase in multiracial marriages (Black and White) in the last 30 years (with a 1,000% increase in AsianWhite marriages) Multiracial children is the fastest growing youth group in the US +50% increase in the multiracial youth population since 2000 (to 4.2 million) Source: Census: “The two or more races population: 2010 Census Brief”; American Academy of Child and Adolescent Psychiatry Modern families come in all colors and sizes. Long-standing views of race have been challenged by culture: celebrities, artists, politicians and athletes of mixed heritage have changed discourse, along with trans-racial and international adoptions. 19 There is much greater diversity amongst teens and tweens -1.5% decrease in the caucasian 6-17 year-old population is projected by 2018 +7.6% projected increase in the Hispanic teens population over the next five years, the fastest growing population in the US Research shows that multiracial children tend to be high achievers with a strong sense of self and adaptability to change. Source: Mintel “Activities of kids and teens” - US - Nov 2013 20 Traditional gender roles have been challenged Source: GoldieBlox.com Gender roles and norms are blurring, which may make it harder for Gen Z to find mates and maintain households when they become adults. Self-identity is less constructed by gender than for past generations. 21 Parenting styles have shifted With studies showing the adverse effects of helicopter parenting, parents of Gen Z have been discouraged from mollycoddling. As a result, Gen Z have been given more space than Millennials, accessing answers and inspiration on the Internet, and are more self-directed. Source: Census: “The two or more races population: 2010 Census Brief” 22 They live in multi-generational households Gen Z have been raised in larger, extended households as retired grandparents have moved in and Millennial siblings (Boomerang Kids) have moved back home. As a result, they are sharers and have greater affinity and respect for the elderly. Gen Z share many of the same values as the Great Generation. Source: Census: “The two or more races population: 2010 Census Brief” 23 How are Gen Z remarkably different? 24 They worry about the economy What things cost today Female Male 100 Cybercrime 80 The economy 60 40 20 Government leadership Wars around the world 0 Crime in your town Terroris m Your parents’ job security Source: JWT Intelligence, 2012 25 72% of high school students want to start a business someday (compared to 64% of college students) E n t Surrounded by DIY education and crowdsourcing, r these teens dream of self employment. They feel of high school students pressured to gain professional experience at a very want to be an entrepreneur e early age. Low wage entry level Gen Z jobs lead to rather than an employee (compared to 43% of college p competition with struggling Millennials, fueling students) r competitiveness. e Source: Millennial Branding and Internship.com, 2014, Mintel 2014 n 61% 26 42.1% “I plan to start my own business” “My school offers classes in how to start and run a business” 16.9% “I work at least one hour a week” 37.8% 55.3% 46.9% “My school teaches about money and banking” 4.6% “I have an internship” “I will invent something that changes the world” 3% “I run my own business” More than 90,000 students enrolled in grades 5-12 have the exceptionally rare entrepreneurial talent to help create more jobs within the U.S. Source: Gallup and Operation HOPE. A survey of 1,009 students in grades 5-12 27 They seek education and knowledge Percentage who have done the following: Research online 1 in 2 Gen Zers will be university educated (compared with 1 in 3 for Millennials and 1 in 4 for Gen X) 85% Watched lessons online 33% Worked on a project with classmates online Taken a test/exam online Taken a lesson online Read a textbook on a tablet 32% 25% 22% 20% Source: JWT Intelligence 2012; Edudemic survey 28 They use social media as a research tool 52% of teens use YouTube or other Social Media sites for a typical research assignment in school Source: Pew Research, “How teens do research in the Digital world” 2012 29 They multi-task across 5 screens Percentage who use the following devices multiple times per day Age (13-17) Age (8-12) 72 25 TV Gaming console 72% 24% 72 23 76 Handheld gaming 17 Cell/mobile phone 57% 17% 39 device 16 50 Laptop computer 13 39% Tablet 30 Their attention spans are getting shorter 8 sec is the average American attention span (down from 12 sec in 2000) 11% Gen Z are the ultimate consumers of snack media. They communicate in bite sizes. Research studies suggest that their brains have evolved to process more information at faster speeds, and are cognitively more nimble to handle bigger mental challenges. But, getting and keeping their attention is challenging. of children 4-17 years old have been diagnosed with ADHD (up from 7.8% in 2003) Source: National Center for Biotechnology Information, U.S. National Library of Medicine, The Associated Press 31 They think spatially and in 4D 2005 is the year that Google Maps launched with its satellite and zooming functions Gen Z have always known how to zoom, pinch and swipe. They have grown up with hi-def, surround- sound, 3D and now 4D — 360 degree photography and film is their normal. Ultra slow motion and hispeed video is their standard. 32 They lack situational awareness Teachers say that Gen Z lack situational awareness, oblivious to their surroundings and unable to give directions. Some speculate that Gen Z have become overly reliant on their devices. Source: Pew Research, 2012 image source 33 They don’t want to be tracked 25% of 13-17 year-olds left Facebook in 2014 As Social Media natives, attuned to NSA surveillance issues, they are more concerned about disabling their phone’s geolocation than their privacy settings. Gen Z are drawn to incognito media such as Snapchat, Secret and Whisper. Source: Facebook Social Ads Platform (“Potential Reach”), 2013 34 They communicate with symbols Gen Z speak in emoticons and emojis. Symbols and glyphs provide context and create subtext so they can have private conversations. Emoji alphabets and icon “stickers”replace text with pictures. Source: Pew Research, 2012 image source 35 They communicate with speed 68% of teachers think that digital tools make students more likely to take shortcuts and not put effort into their writing 46% of teachers say digital tools make students more likely to “write too fast and be careless” Source: Pew Research, 2012 Gen Z are agile communicators: speed of communication and repartee garners cultural currency. They’re accustomed to rapid-fire banter and commentary. As a result, Gen Z are not precise communicators and leave a lot of room for interpretation. image source 36 They communicate with images Percentage of Gen Z using social media 42% Fall 2012 Spring 2013 Fall 2013 33% 27% 30% 23% 26% 23% 17% 12% 3% Twitter Facebook Instagram 4% 4% Tumbl r 6% 5% 3% Google+ % share of respondents, select findings Source: AFP News Report, via MarketingCharts 2013 37 They love the ephemeral and rarity Gen Z are drawn to social media which disintegrates and self-destructs. They suffer from FOMO (fear of missing out) more than Millennials, so being culturally connected is critical. 38 They spend more time with computers 41% Of Gen Z spend >3 hours per day on their computers for non-schoolwork-related purposes (compared to 22% a decade ago) Source: WebMD (CDC Survey 2014) 39 Their social circles are global 81% of online teens use some kind of Social Media 26% of Gen Z would need to fly to visit most of their social network friends Source: JWT Intelligence and Pew Research center 40 They are hyper-aware and concerned about man’s impact on the planet 80% 9 of 10 7 of 10 know about man’s impact on the planet continue to feel optimistic about their own future feel optimistic about the future of the environment 78% are concerned about world hunger 77% are concerned about children around the world dying of preventable disease 76% are concerned about man’s impact on the planet Source: Unilever Project Sunlights How Children Inspire Sustainable Behavior in Adults, August 2013; JWT Intelligence 41 They are less active 66% of 6-11 year olds list gaming as their main source of entertainment 51% of teen boys list gaming as their main source of entertainment This generation is much less active than previous generations. In some cases, sport is viewed as a tool for health instead of play and gaming may have replaced outdoor activities. Source: Mintel, Activities of Teens and Kids 2013, Entertainment software association 2013 42 They live-stream and co-create #1 live-streaming platform in Gen Z gravitate to live-streaming media, such as Twitch and Ustream. Two-way live-streaming and videothe world is Twitch, which features live video gameplay, news and chat conferences (think: FaceTime and Skype) are their preferred ways to communicate. Source: JWT Inteligence 43 They are the biggest foodies Their interest in cooking is expected to increase over the next five years. % c h a n g e p rojected annual eatings F2018 vs. 2013 14 12 10 Gen Z Millennial s Gen X 6 8 4 2 0 -2 -4 Scratch Fresh Oven Stove-top Source: NPD Group’s “Future of Eating,” 2014 44 Unfortunately, they’re also obese Teen obesity has nearly tripled from 1971-2010, now stabilized at around 18.4% Teenage boys are more likely than girls to be obese (18.6% vs. 15%) Source: Centers For Disease Control And Prevention, 2013 (via Mintel 2014). Percentage of obesity among high school students, by state, for selected year 2003 and 2011 45 But, food is their main vice Source: Mintel 2 A Different Set of Vices LUST Are having less sex (but more un-protected sex) GLUTTONY GREED up-cycling Are more obese Are recycling and SLOTH Are more sedentary WRATH Are a happy lot ENVY sharing PRIDE Are focused on Are self-confident 014, Centers for Disease Control and Prevention 2014 46 How to connect with Gen Z? 47 Don’t treat them like Millennials Gen Z Tech Innate: 5 Screens Think in 4D Judiciously Share (GeoLoco Off) Active Millennials Tech Savvy: 2 Screens Think in 3D Radical Transparency: Share All Slacktivists Multi-cultural Volunteers Blended Tolerance (race & gender) Immature Togetherness Mature Communicate with Images Make Stuff Have Humility Future Focused Realists Want to Work for Communicate with Text Share Stuff Have Low Confidence Now Focused Optimists Want to be Discovered Team Orientation 48 Don’t treat them like Millennials Very Different Experiences and References Massachusetts legalizes same-sex marr iage The video-sharing website Youtube is launche d Snapchat, a photo messaging app is introduced Smartphones with a multi-touch interface Commercial music streaming services Gen Z Millennials Politics Media Communication Telecommunication s Music Homosexuality is no longer considered a disease The DVD, an optical disc computer storage media format is announced Instant messaging, a type of online chat, is released by Microsoft Mobile phones with the ability to send text messages Portable media player 49 Checklist for connecting with Gen Z 1. Depict them as diverse (ethnically, sexually, fashionably) 2. Talk in images: emojis, symbols, pictures, videos 3. Communicate more frequently in shorter bursts of “snackable content” 4. Don’t talk down… talk to them as adults, even about global topics 5. Assume they have opinions and are vocal, influencing family decisions 6. Make stuff — or help Gen Z make stuff (they’re industrious) 7. Tap into their entrepreneurial spirit 8. Be humble 9. Give them control and preference settings 10. Collaborate with them — and help them collaborate with others 50 Checklist for connecting with Gen Z 11. Tell your story across multiple screens 12. Live stream with them — or give them live streaming access 13. Optimize your search results (they do their Internet research) 14. Talk to them about value (they care about the cost of things) 15. Include a social cause that they can fight for 16. Have your house in order (in terms of sustainability) 17. Help them build expertise…they want to be experts 18. Tease (think: ephemeral, puzzles, surprises and games) 19. Feed their curiosity 20. Feed them 51 Gen Z topics & interests: what we’re tracking… NEWS ISSUES Global Warming Cost of Education Back to School Malala Gaga in Space 2015 Elon Musk Tuna the Dog Total Solar Eclipse March 2015 Avatar 2 2016 Tuna the Dog Hunger Games Mockingjay 11/21 Teen Choice Awards 8/10 Earth to Echo August Star Wars Episode VII 2015 MEDIA & CULTURE Girls in STEM Common Core Education Nationwide Gender Equality & LGBT Rights Brazil & The World Cup Socialism & Communism Loneliness Texting While Driving School Shootings Economic Disparity Weather Refugees GEN Z Kids Choice Awards 7/17 Twitch 22 Jump Street June Teenage Mutant Ninja Turtles 8/8 Tarzan November MTV VMAs 8/24 Wearables Whisper Net Neutrality iPhone 6 YouTub e Stars Mixed Reality Oculus Rift Drones Autonomous Cars 3D Printing & Doodling TECHNOLOGY 52 Want to apply Gen Z insights to your business? We will continue to track Gen Z, adding a global perspective from our Scout Network (now in 11 countries) combined with international social listening. Stay tuned. Reach out to us if you want to explore how to apply these learnings — and future Gen Z insights — to your business. We can package Gen Z insights in a variety of formats, such as: • Customized “Meet Gen Z” reports, designed for sharing and educating • Immersive get-smart-fast-on-Gen-Z workshops • Gen Z insights-to-applied-marketing round table discussions • Bi-weekly “Gen Z Trend Pulses” — sharable newsletters on Gen Z culture and marketing opportunities 53 agency of relevance at the cultural strategy core cultural intelligence - - Social & Cultural Listening - - Competitive Intelligence & War Gaming - Segment Analysis - &Tracking Topic Deep - Dives - Event Tracking - Issue - Monitoring - Real-time Burst - identification Channel Analysis innovation Content & Influencer - content & distribution Pre-Planned (70/30) Content Production - Online and Offline ADVERTISIN G AGENCY SOCIAL AGENCY Real-time Content Production Real-Time Commerce - Social Media Content (short and long form) - posts, tweets, vines, videos, blogs, etc. powered by EVENT MARKETIN G AGENCY Community - Management Influencer - Outreach Channel Optimization & Fan Base Development Strategy Editorial & Cultural Macro Trend Identification Calendars & Quantification Analytics & Measurement - Product, Service & Packaging Development - PR AGENCY Amplification - Projecting Segments into the Future (Consumers of the Future) BRAN D Business Model Design & Reimagination - - - Real-Time Media SEARCH AGENCY Business Context Analysis Futurism Whitespace Identification Brand/Partner & Acquisition Recommendations DIGITAL AGENCY 5 Sparks & Honey Offerings STRATEGY WORKSHOPS INDUSTRY REPORTS 25+ report-types that help you translate high-energy cultural moments into valuable opportunities for your brand including: Deep-dive sessions where we focus on innovation opportunities for your specific brand based upon fringe signals and cultural conversations. • Competitive Assessment Report WAVE BRANDING • “Future Of” Report Proven methodology for creating, approving, launching and distributing content rapidly to take advantage of cultural moments. • In-Depth Industry Report • Innovation Report • Media & Technology Usage Report • Up & Coming Celebrity Report SOCIAL MEDIA Applying the Wave Branding cultural platform, sparks & honey supports: Community Management ‣ Fan/Follower Acquisition ‣ Channel Management & Administration ‣ On-going Fan/Follower Engagement ‣ Social Media Infrastructure Social Media Insights & Analytics ‣ Sentiment Analysis ‣ Industry Insights ‣ Content Performance Influencer Programs & Content Distribution ‣ Cultural Influencers & Affiliates ‣ Blogger Outreach ‣ Content Distribution Content Creation & Campaign Integration ‣ 360 Campaign Integration ‣ App Development ‣ PR Support Programs (pre-buzz, live coverage, post-event buzz) 5 Sign up on our website to receive updates and future reports: www.sparksandhoney.com For more information: 212.894.5100 info@sparksandhoney.com @sparksandhoney bigthink.com/blogs/amped facebook.com/sparksandhoney sparksandhoney.tumblr.com/