Star Wars turns forty in 2017
The fortieth birthday of the Star Wars franchise arrives this year; look for quotes and metaphors to crop up ad nauseam in marketing circles. Always ahead of the pack, we’ll get ours out early – no less ad nauseam, just early.
Also in 2017, for the third year in a row, over four million members of Generation X – born 1965-1981 – will reach their 50th birthday and disappear from mainstream brand advertising.
Thanks to Madison Avenue’s remorseless Death Star ad targeting model, by year’s end, their voices will have suddenly cried out in terror and been suddenly silenced.
All because long, long ago in a galaxy far, far away, 1960s Mad Men decreed that Americans are no longer willing or able to adapt new behaviors after age fifty and, anyway, their grizzled presence in advertising sends young prospects fleeing in horror.
So, from 2015 through 2017, around 12.5 million Gen X consumers in their peak earning years will have become as unwelcome as a droid in a Mos Eisley spaceport bar. That’s like banishing the entire Los Angeles/Orange County metro area population – okay, okay, hold it down, no snarky jokes please.
Happily for the Xers, a new home awaits in an alternative universe run by grownups – prosperous Planet Boomer.
Joining the Boomer-Plus Generation™: not such a bad thing
As it turns out, the 18-49 demo exit is not a door that closes but a portal that opens to the amazing, dynamic fifty-plus marketplace that, per the Video Advertising Board:
- Owns 80% of U.S. household assets
- Controls 70% of disposable income
- Accounts for 58% of retail purchases
- Buys 59% of new personal vehicles
- Represents 65% of home improvement sales
- Will add 15 million net new consumers by 2025
Always good for a pithy quote, Obi-Wan Kenobi puts this into perspective: “You can’t win … if you strike me down, I shall become more powerful than you could possibly imagine.”
Joel Kotkin, Professor of Urban Studies at Chapman University in California, is more scholarly: in a recent column for Forbes (Generation X’s Moment Of Power Is Almost Here, December 28, 2016) he described Gen X as “clearly the ascendant generation.”
This approaching “moment of power” has been a long time coming.
TIME jumped the gun in 1997, suggesting that Boomers – then turning fifty – must now yield to the Xers. But there’s a big difference between leaving the hip 18-49 demo and losing economic, social or political power.
In fact, Gen X waited almost twenty years for recognition until the oldest of them reached the 50-year
tombstone milestone and qualified for membership in the Boomer-Plus Generation™. Originally defined as born from 1940 to 1964, due to old school ad targeting theory the generation now embraces millions of newly expelled Xers from the birth years 1965-1967.
While they experienced the sixties and seventies as little kids and teens, not as young adults, Gen X grew up in a transformational culture that was largely Boomer-driven. So, at 50-plus, they’ll feel more at home in Boomer world than on the dreary aging-in-place Ice Planet envisioned by brand strategists from the Dark Side of the Force.
Did Luke Skywalker presume to lecture Yoda?
Let’s not forget the history of the 18-49 demo cult. It originated in the 1950s/60s, but it was then-young Boomer marketers who adopted it and set it in stone. Short-sightedly, we also handed it down to our 20-something successors – Gen X, later, the Millennials.
Ironically, today, ad agency realpolitik shows most employees the door before they hit forty, and survivors struggle to stay relevant.
With the average client-agency tenure at less than three years (The Bedford Group), each account loss provides an opportunity to trim people, with the most expensive – HR-speak for oldest – going first. Maybe it’s karma.
Consequently, of 297 occupational categories tracked by the U.S. Bureau of Labor statistics, advertising and PR ranks second youngest (median age: 38). According to Brent Bouchez, partner with advertising agency five/0, less than 4% of all ad agency personnel industry-wide are over 50, and the average age of creative department staff is only 28.
The fact that Boomers are harder to find on Madison Avenue than a breath mint at a Wookie club house on pizza night is nothing less than bizarre in view of U.S. consumer age statistics. Here are some key median ages …
- Household head: 52
- New car buyers: 52
- Mac users: 54
Brilliant as they may be, no matter how many gigaflops of big data at their disposal, 28 year old creatives cannot possibly experience brands the same way as Gen Xers or Boomers in their fifties, sixties or seventies. C’mon, did Luke Skywalker presume to lecture Yoda?
But, again, don’t blame the rookies – they didn’t make the rules. If brand managers won’t disrupt the status quo, the charade can continue; business as usual.
Fortunately, ambitious Millennials looking to join the Rebel Alliance can learn to prosper among the 99 million U.S. Gen Xers and Boomers who make up the the world’s third largest economy. Just click and make the jump to hyperspace.