On MediaPost’s (@MediaPost) Engage:GenY, Sharalyn Hartwell (@SharalynHartwel) executive director at Magid, writes, “Millennials [those born in the ‘80s and ‘90s]...aren’t kids anymore. In fact, according to our Millennial Life Stage Segmentation, only one in ten Millennials (11% of Millennials or approximately 10 million) isn’t an official adult (i.e., is under the age of 18). Approximately 13 million, or 15%, are college students and about 12 million, or 14%, are in flux — not working or married, but don’t have kids. The majority of Millennials are ‘grown-ups’ in the way society tends to define them — they are working (36% or 31 million) or parents (24% or 21 million).”
Millennials are no longer the youth population in this country, which means there’s a new generation of youth for marketers to know.
Presenting the Pluralist Generation. The oldest Plural is 14, turning 15 in 2012. The youngest is a newborn.
Plurals are America’s last generation to have a Caucasian majority, and based on immigration projections, they will also be America’s first generation to be pluralistic, or have no majority race. Their own ethnic composition is a catalyst for the overall ethnic transition in our country. In 2019, less than 50% of live births in this country will be Caucasian. In 2042, just 30 years from now, our entire population will be less than 50% Caucasian. Plurals are being raised in the environment of change and, in their 30s and early 40s, they will be the ones managing the transition into a truly pluralistic society.
See the news release, "Magid Generational Strategies Reveals America's Newest Generation."
Actually the name of the next generation is still up for grabs. Reveries.com (@cool_news) says that, along with Pluralist, other suggested identifiers are Generation Wii, iGeneration, Gen Tech, Digital Natives, Net Gen, Multi Gen, Post Gen. You can vote on which one you think it should be.
How will you prepare now for Pluralist consumers of the future? Write your comments below.
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