From the Sydney Morning Herald comes this look at Generation Y:
Cashed-up and brand-conscious, the net generation spend money on
DVDs, mobile phones and iPods, and advertisers are bending over
backwards to woo them.
Also known as Generation Y and born between 1979 and 1994, these
technology-savvy youngsters wield considerable influence over a
number of industries, according to business information analysts
IBISWorld.
Advertisers and hi-tech manufacturers are desperate to win them
over, but it is not an easy task.
IBISWorld's general manager (Australia) Jason Baker said the
next 10 years belonged to the net generation, with their spending
habits heavily influencing marketing budgets.
Net-genners spend money on DVDs, mobile phones, iPods, video
games and all manner of hi-tech entertainment, but that's not all,
Baker said.
"Raised in dual-income and single-parent families, this
generation have already had considerable financial responsibility
and they're heavily involved in family purchases, not just in the
outlay of their own pocket money," he said.
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