Who cares what a 23 year old thinks? The answer is anyone in business today, in terms of both numbers and buying power, Generation Y & Z are soon going to swamp GenX and Baby Boomers.
At our recent Customer Experience Summit questions and debate during the day highlighted how leading organisations are witnessing a shift in the demand for intelligent and intuitive service from their customers. Specifically, Generations Y & Z are most vocal about their demand for service that is available when, where and how they want – especially through digital channels. They’re also very aware of when they are being ‘sold to’ and thus prefer their interactions with businesses to be authentic.
20. Global events have shaped Y & Z fears & aspirations
2002
2001
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
9/11 NYC
terrorist
attacks
Global
recession
21. Two thirds now have a smartphone by age thirteen
Source: Ofcom Children's Media Use and Social Attitudes, 2014
UK smartphone ownership by age of child (2014)
22.
23.
24. Social Interaction vs. Electronic Media Use
87 89 91 93 95 97 99 01 03 05 07
10
8
6
4
2
0
Hours/day
Year
Social interaction
Electronic media use
26. Whilst Tech is integral to their lives it comes at a cost
Source: 2014 JWT Intelligence Survey
63%
31%
26%
83%
66%
43%
36%
84%
65%
51%
44%
75%
I fear that technology is taking over
our lives
I'm starting to resent the fact that I
can never truly switch off because of
technology
Sometimes I'm so busy taking a
picture or video of something with my
mobile phone that I miss out on the…
We're losing some important human
qualities by spending so much time
immersed in technology
Y X Boomer
% agree – UK & US consumers
27. TECHNOLOGY TRACKER | QUARTERLY RELEASE: Q3 2014
Who uses it…
All 15-24 25-34 35-44 45-54 55-64 65+
Males 51% 83% 75% 55% 50% 33% 14%
Males AB 53% 95% 83% 61% 62% 36% 18%
Males C1 57% 83% 81% 60% 46% 34% 19%
Males C2 50% 80% 68% 54% 50% 34% 12%
Males DE 43% 76% 69% 41% 33% 25% 7%
28
% ACCESSING FACEBOOK IN THE PAST 3 MONTHS, BY GENDER AND SOCIAL GRADE IN
2013/2014
Base: circa 4,000 GB adults aged 15+: Q4 2013 / Q1 / Q2/ Q3 2014 Source: Ipsos MORI
Females 53% 85% 75% 65% 54% 38% 17%
Females AB 55% 88% 84% 55% 55% 44% 23%
Females C1 57% 89% 77% 69% 60% 47% 16%
Females C2 53% 86% 65% 73% 51% 34% 16%
Females DE 47% 79% 71% 54% 43% 24% 14%
80-100%50-79%0-49%
28. TECHNOLOGY TRACKER | QUARTERLY RELEASE: Q3 2014
WHO OWNS A SMARTPHONE
All 15-24 25-34 35-44 45-54 55-64 65+
Males 64% 88% 86% 79% 70% 48% 20%
Males AB 72% 90% 95% 93% 87% 61% 29%
Males C1 71% 89% 89% 82% 64% 55% 29%
Males C2 62% 82% 84% 80% 69% 46% 12%
Males DE 48% 78% 79% 53% 44% 22% 10%
29
% OWN A SMARTPHONE BY GENDER AND SOCIAL GRADE 2013/2014
Source: Ipsos MORI
Females 58% 89% 91% 79% 61% 39% 15%
Females AB 69% 97% 94% 91% 75% 48% 31%
Females C1 61% 94% 78% 79% 64% 40% 15%
Females C2 54% 88% 76% 77% 50% 41% 5%
Females DE 48% 82% 79% 62% 44% 25% 9%
70-100%50-69%0-49%
Base: circa 4,000 GB adults aged 15+: Q4 2013 / Q1 / Q2/ Q3 2014
29. Introducing Generation Z
18% …of the UK population aged
under 15
Source: Office for National Statistics, Northern Ireland Statistics and Research Agency, National Records of Scotland
New social norms
30. Mobile and social media is changing what is deemed socially
acceptable
Source: Havas Media surveyed of 3,000 UK consumers, 2014
73% of 16 – 24 year olds have to have their mobile
phones with them at all times
67% of 16-24 year olds check their phones during a
lull in conversation with friends or colleagues
41% agreed that it was acceptable for brands to
send text messages based on location as long
as permission had been granted
31. There is a risk that generational differences are overstated
Source: Ipsos MORI global trends 2014 (GB)
Aged 55+
35 – 54 year olds
16 – 34 year olds
Use internet
several times a
day
82%
78%
68%
Aged 55+
35 – 54 year olds
16 – 34 year olds
Have shared views
about a company or
brand via
media/blogs/social
media in last year
25%
22%
21%
32. Y & Z are better educated (not necessarily smarter)…
Source: Office for National Statistics Labour Force Survey
% of graduates in the population
There has been a steady increase in
the graduate population since 1992
35. …Poorer
Source: British Social Attitudes
“Among which group would you place yourself… high income, middle income or low income?”
0%
10%
20%
30%
40%
50%
60%
70%
Pre war (before 1945) Baby boomers (1945-65) Generation x (1966-1979) Generation y (1980-2000)
% Low income
36. Younger age groups less open to redistribution…
Source: Office for National Statistics, Northern Ireland Statistics and Research Agency, National Records of Scotland
% % Agree/Strongly agree
“The government should spend more money on welfare benefits for the poor, even
if it leads to higher taxes…”
0%
10%
20%
30%
40%
50%
60%
70%
Pre war (before 1945) Baby boomers (1945-65) Generation x (1966-1979) Generation y (1980-2000)
37. …and the welfare state has far less resonance for them
Source: Office for National Statistics, Northern Ireland Statistics and Research Agency, National Records of Scotland
% % Agree/Strongly agree
“How much do you agree or disagree that… the creation of the welfare state is one of Britain's
proudest achievements”
0%
10%
20%
30%
40%
50%
60%
70%
80%
00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22
Pre war (born before 1945) Baby boomers (born 1945-1965) Generation X (born 1966-1979)
Generation Y (born 1980-) Generation Z (born after 2000)
38. Pronounced differences in attitudes to sexuality…
Source: Office for National Statistics, Northern Ireland Statistics and Research Agency, National Records of Scotland
% not wrong at all
“Are sexual relations between two adults of the same sex always wrong, almost
always wrong, wrong only sometimes, or not wrong at all?”
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22
Pre war (born before 1945) Baby boomers (born 1945-1965) Generation X (born 1966-1979)
Generation Y (born 1980-) Generation Z (born after 2000)
39. …and gender roles
Source: Office for National Statistics, Northern Ireland Statistics and Research Agency, National Records of Scotland
“A husband's job is to earn money; a wife's job is to look after the home and family”
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22
Pre war (born before 1945) Baby boomers (born 1945-1965) Generation X (born 1966-1979)
Generation Y (born 1980-) Generation Z (born after 2000)
% disagree
41. Bricks and mortar shops are here to stay
“Do you think you will shop in-store as much or more frequently than you do
already?”
72%
82%
62%
75%75%
86%
50%
68%
UK US China Russia
16 - 21 year olds 22 - 65 year olds
% yes
Source: GfK Shopper of the Future Survey 2014
42. Retail stores can thrive
alongside online
Gen Y regard shopping as a
social activity – in the UK 16 –
21 year olds are more likely to
think they will increase their
shopping with family and
friends in the future
compared to older
generations
Source: GfK Shopper of the Future Survey 2014
43. But the future shopping experience is truly omnichannel
% of respondents preferring online shops with physical stores
73% 70% 70%
62%60%
55%
65%
57%
UK US China Russia
16 - 21 year olds 22 - 65 year olds
76% of UK 16 – 21 year old consumers research items
online before buying in-store. 55% research items in-store
before buying them online. 64% use a mobile phone to
research products before purchase
Source: GfK Shopper of the Future Survey 2014
44. Young consumers are excited by innovation
“Imagine shopping in the future. Which of the following services would be valuable to
you as a shopper?”
49%
44%
41%
35%
30%
29%
Amazon drones
Click and collect
Customised products
Improved instore services to find
products
Parcel lockers
Mobile wallet/payment
Source: GfK Shopper of the Future Survey 2014
% GB 16 – 21 year olds
51. Offer relevance and greater personalisation, by being conscious and aware
of what's going on in their lives (especially on social media)
2. One size no longer fits all