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Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

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Page 1: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964
Page 2: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

Consumers Today

Trends in Millennial & Gen Z Media Use

November 12th, 2018

Tiffany Bailey Neal Hubert

Vice President, Client Service Senior Research Consultant

Page 3: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

How the smartphone

generation is consuming

media, what they want from

brands, and the priorities

shaping their decision-

making.

Who is a Millennial?

Key Attitudes, Beliefs & Behaviors

Common Misconceptions

Brand Awareness and Communications

What Millennials Want

Page 4: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

1946 – 1964

(ages 54 – 72)

1965 – 1980

(ages 38 – 53)

1981 – 1996

(ages 22 – 37)

1997 - ??

(ages 21 & under)

Post WWII

Economic Growth

Civil Rights

Movement

Sexual Revolution

Vietnam War

Fall of the Berlin Wall

End of the Cold War

Latchkey Kids

Technological

Revolution

Digital Media

9/11*

AIDS Epidemic

Volatile & Complex

Socio-Economic

Environment

Homeland

Generation

Discipline,

Loyalty,

Idealistic

Independence,

Self-Reliance,

Pragmatic

Self Confident,

Tech Dependent,

Optimistic

Ethical,

Trustworthy,

Open-Minded

BABY

BOOMERGENX MILLENNIAL “GENZ”

23%

AG

EIN

FLU

EN

CE

S

CO

RE

VA

LUE

S%

of

PO

PU

LAT

ION

20% 22% 27%

Page 5: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

What defines one’s

personality is a deeply

complex cross-section of

experiences, family, genetics

and not the 20-year long —

generally accepted, but

largely arbitrary — age

bracket one happens to fall

within.-Dr. Jessica Kriegel

Page 6: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964
Page 7: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

The Facts Are… Millennials will soon eclipse Boomers as

the largest living generation

Millennials and GenZ will be the most

racially and ethnically diverse

generations in our nations history

Millennials are more highly educated than

any preceding generation, but…

…are making about 20% less than their

parents did at the same age

As a result, they are delaying the traditional

milestones of marriage, family and home

ownership, and are financially conscientious

Page 8: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

The Millennial Divide

• Older Millennials grew up without the

internet (and with landlines).

• Younger millennials entered the work-

force after the 2008 recession.

• Millennials are starting families and

having kids…they are just doing it a bit

later

Page 9: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

Millennials & GenZ consider themselves to be…

More likely to seek out media content to learn rather than learning by doing

Early adopters of new technologies

More likely to be influenced by documentaries and social media stories

More “in the know” on trends

More concerned about making ends meet financially

More culturally aware

More concerned about their ability to adapt to change easily

Page 10: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

Media Consumption

Our cross industry studies suggest that the key distinctions between Millennials and their counter parts is

their...

Fragmented media

usage

More individualized

consumption

Leading “cord-cutters”

Page 11: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

Social by Nature…Online and Off

Millennials have grown up

using digital devices –

integrating technology into

their lifestyles is seamless

They not only embrace new

technology, but also seek it

out to simplify everyday tasks,

allowing them to do more.

They spend roughly 25 hours

per week online, seeking both

items and services online.

Social media allows them to

engage in a conversation,

instead of a one-sided

statement.

Millennials and GenZ are also

socially minded, over-indexing

on activities related to getting

together with friends or

entertaining friends/relatives.

Page 12: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

Watched online videos such as YouTube, etc.

Surfed the internet or visited websites online for your

personal use

Visited social networking sites (Facebook, Google+,

LinkedIn) via any device

Steam TV Shows/Movies (Netflix, Hulu, etc)

Listened to streaming radio (Pandora, iheartRadio,

iTunes streaming, etc.)

Clicked an ad in a mobile website or app

Read or posted an online review

Researched a vacation online

Made a purchase from Living Social, Groupon, or a

similar app/site

82

78

75

62

60

50

35

25

12

Indicated they have done the following within the past week…

Online Activities

BABY

BOOMERGENXMILLENNIALGENZ

73

77

75

67

60

42

45

22

22

53

79

73

49

38

27

37

17

11

40

82

64

26

18

13

28

10

4

Page 13: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

Social Media Usage

70

66

38

22

Indicated they use the following social networking sites at least once a day or more often…

62

47

23

9

58

38

11

2

52

68

61

49

38

41

22

9

20

34

20

13

Page 14: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

Online Service Usage

Indicated they use the following services, websites or communities at least once a day or more often…

52

36

14

1

Spotify

28

33

17

6

Pandora Radio

25

35

14

6

Hulu

18

36

20

10

Amazon Prime

13

17

8

2

Yelp

10

18

9

3

Groupon

Page 15: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

Watched online videos such as YouTube, etc.

Surfed the internet or visited websites online for your

personal use

Visited social networking sites (Facebook, Google+,

LinkedIn) via any device

Steam TV Shows/Movies (Netflix, Hulu, etc)

Listened to streaming radio (Pandora, iheartRadio,

iTunes streaming, etc.)

Clicked an ad in a mobile website or app

Read or posted an online review

Researched a vacation online

Made a purchase from Living Social, Groupon, or a

similar app/site

63

59

51

65

46

28

30

31

40

Indicated they did this more in the past year than previous years…

Change in Online Activities

BABY

BOOMERGENXMILLENNIALGENZ

44

42

41

52

44

29

32

28

32

24

28

26

38

26

18

23

19

24

26

29

22

39

33

14

14

20

18

Page 16: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

Older generations are finally starting to look

like the younger generations. Particularly with

technology, the greatest predictor of the

future of older generations, are what the

younger generations are doing today.Jason Dorsey

The Center of Generational Kinetics

Page 17: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

Watched live cable or network TV

Listened to over-the-air (free) radio

Read newspapers, magazines or other forms of printed

media

57

57

27

Indicated they have done the following within the past week…

Offline Media

BABY

BOOMERGENXMILLENNIALGENZ

65

59

36

79

66

39

82

72

57

Indicated they did this less in the past year than previous years…

Watched live cable or network TV

Listened to over-the-air (free) radio

Read newspapers, magazines or other forms of printed

media

29

23

25

13

10

16

6

15

15

11

10

15

Page 18: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

Brand Awareness

We consistently see less broad awareness

of brands for Millennials & GenZ across

multiple product categories

We believe this is due to self-selection

awareness. They can be as engaged, or

more with brands that are relevant to them,

but they tune out the periphery.

Page 19: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

Brand Communications

While we see evidence that much of brand

communication in the traditional, mass

media sense is treated as ambient “noise”

and is less likely to resonate with this

Millennials & GenZ …

…If the products and brands are close to

them, Millennials are equipped to

proactively seek out ways to find & learn

about them.

Page 20: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

Brand User Champions

Millennials are brand-conscious buyers who

place consumer-driven marketing and user-

generated content over messages they perceive

to be company promotions.

Social media gives them the peer and consumer

reviews they value for product and service

recommendations.

They subscribe to email newsletters and alerts.

They regularly consults as many as 6 sources

prior to making a product purchase.

Page 21: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

Brand Personality

We tend to see certain “brand personality”

traits influence Millennials & GenZ more

than their counter parts.

Things being “authentic” (natural),

“experiential” (more than basic benefits)

and “empathic” (understands me) tend to

over index among this group vs. their

counter parts who still have a greater

appreciation for “performance” (which one

is better), “benefits” (meets the need) and

“reliable” (is going to work).

Page 22: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964

Create content that matters

Focus on the Experience

Offer a platform to share

feedback & testimonials

Personalize or customize

when and where possible

Build a relationship with the person,

not the “generational cohort”

What Millennials Want

Page 23: Consumers Today Trends in Millennial & Gen Z Media Use · Trends in Millennial & Gen Z Media Use November 12th, 2018 Tiffany Bailey Neal Hubert ... What Millennials Want. 1946 –1964