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AARP Services, Inc. and Focalyst Release Second Quarterly Boomer Report: It's Good to Be Green.


More than 40-million Boomers Are Actively Seeking Environmentally Friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1]  Brands

WASHINGTON -- Socially conscious attitudes are a driving force for how boomers shop and the brands they choose to buy according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the second Boomer Quarterly Report from AARP AARP, a nonprofit, nonpartisan national organization dedicated to "enriching the experience of aging"; membership is open to people age 50 or older. Founded in 1958 by Ethel Percy Andrus as American Association of Retired Persons, AARP now has over 30 million  Services, Inc. and Focalyst. The report, "It's Good to Be Green: Socially Conscious Shopping Behaviors Among Boomers," examines how eco-friendly messages are resonating res·o·nate  
v. res·o·nat·ed, res·o·nat·ing, res·o·nates

v.intr.
1. To exhibit or produce resonance or resonant effects.

2.
 with older consumers.

The study, which surveyed more than 30,000 "baby boomers See generation X. " (those born between 1946 and 1964) and "mature consumers" (those born before 1946) finds that social consciousness is a prevailing attitude. Seventy percent say that they feel a responsibility to make the world a better place. According to the survey results 40-million boomers use their purchasing power Purchasing Power

1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase.

2.
 to buy environmentally safe brands. Referred to as "green boomers," this large segment is often more demanding of quality in the products and services they buy, more attuned at·tune  
tr.v. at·tuned, at·tun·ing, at·tunes
1. To bring into a harmonious or responsive relationship: an industry that is not attuned to market demands.

2.
 to advertising and exhibit higher brand loyalty than other boomers.

"This study confirms that boomers are taking a critical look at products to find brands that resonate res·o·nate  
v. res·o·nat·ed, res·o·nat·ing, res·o·nates

v.intr.
1. To exhibit or produce resonance or resonant effects.

2.
 with their growing commitment to an eco-friendly lifestyle," said Larry Renfro, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of AARP Services, Inc. "Companies across industries have recognized this trend and are driving home messages of concern and conservation."

The tendency to buy environmentally safe brands correlates directly with age, with mature consumers even more likely to be "green." According to Heather Stern, Director of Marketing for Focalyst, "As consumers get older, they become more aware of their legacy and leaving a positive mark on the world, and this is particularly true of boomers. We anticipate that as time goes on, more and more boomer shoppers will simply expect brands to be eco-friendly and rather than this being a point of brand differentiation, it will be a price of entry."

"Green boomers" are more attuned to advertising, both positively and negatively. They pay attention to ads for products they plan to buy, but are more critical and therefore are more likely to believe there is not much truth in advertising. They also wish that advertising included more real product information to help make decisions.

The decisiveness of "green boomers" is apparent in their tendency to be more brand loyal than other boomers across all product categories, particularly among packaged-goods. They not only exhibit higher brand loyalty, but they also stick with a brand they like (88% vs. 78%).

Other key findings from the Focalyst report include:

* "Green boomers" are watching less television, but are spending more time with print media, such as reading newspapers, magazines and books (95 minutes vs. 78 minutes per day).

* While "environmentally safe" and "organic" usually go hand-in-hand, this is not the perception of many boomers as less than a third of the boomer population is willing to pay more for organic goods.

* Boomers with annual incomes of less than $50,000 are more "green" than boomers with incomes of over $150,000 (57% vs. 50%).

About AARP Services

AARP Services, Inc., founded in 1999, is a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of AARP. AARP Services, Inc. manages the wide range of products and services that are offered as benefits to AARP's 39 million members. The offers span health products, travel and leisure products, and life event services. Specific products include Medicare supplemental insurance; member discounts on rental cars, cruises, vacation packages and lodging; special offers on technology and gifts; pharmacy services; legal services legal services n. the work performed by a lawyer for a client. ; and long-term care long-term care (LTC),
n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders.
 insurance. AARP Services founded AARP Financial Incorporated, a subsidiary that manages AARP-branded financial products including AARP Funds; AARP Services develops new products, manages and markets products and services, creates and maintains partnership and sponsorship relationships, and develops and manages AARP's award-winning Web site, www.AARP.org.

About Focalyst:

Focalyst (www.focalyst.com) is a leading source of information and insights about Baby Boomers and Mature consumers, offering a broad range of qualitative and quantitative custom research solutions. Focalyst pioneered the largest, most comprehensive study ever conducted about Boomers and Matures and has the unique expertise to help marketers better understand and connect with this important demographic.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Date:Dec 20, 2007
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