TV Land's "Generation BUY" study also found that 40 and 50-somethings are more open to new brands and less brand loyal than people under 40 making 40-59s "Free Agent Shoppers." Twenty-six percent of Boomers said they are not at all brand loyal versus 21% of Gen X and Millennials. In fact, Gen Y are the most likely to say that once they have made a commitment to a brand, they will stick with it, no matter what. The willingness of 40 and 50 year-olds to buy new brands carries over across virtually every product category including electronics, personal care products, restaurants, automobiles and more. And when compared to the Generation who came before them these "Free Agent Shoppers" have very different spending habits. No longer will this age group buy the same products based on lifelong brand decisions and spend less as they age. This demo is redefining brand loyalty and determining purchase decisions based on the effectiveness of products. Today's 40 and 50-somethings stick with a product for as long as it's good and fulfills their complex needs. They are not afraid to change for something they feel will improve their lives.Viacom
Read about this study from the Center for Media Research - http://www.mediapost.com/blogs/research_brief/?p=1782
There's a generation gap again. It's a theme of mine, yes. But the evidence keeps flowing in. 40 seems to be the new 30 on many fronts, but none more important to advertisers than media consumption and behavior.
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