Multicultural Consumers

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Millennials, $70 Trillion Trust Fund Babies, Get Paid In The Great Wealth Transfer

Here’s a startling statistic. By 2042, Baby Boomers are poised to hand over as much as $70 trillion in inheritance to their heirs, and Millennials are the lucky demographic most likely to clean up. Boomers, affectionately named after the “boom” of babies born after World War 2, were the first generation in America to grow up in a prosperous middle class. Before the 1940s, luxuries like homeownership and vehicle ownership were reserved for the upper class. But between 1940 and 1960, four-fifths of American families owned at least one car, and homeownership increased to 61%.

January 13th, 2022|Blog, Multicultural Consumers, Online Market Research|

Coming Into Focus: 2021 Year In Review

This time last year, America was fresh off the high of a change in executive leadership. Americans started rolling up their sleeves for COVID-19 vaccinations, and the nation was undergoing a racial awakening generations in the making. Then a week into the new year, democracy was breached, and the ensuing fallout would test the ideals of what it means to be American. In our 2021 ThinkNow year-end report we examine the economic highs and lows of the past twelve months, and how consumers, in their resilience, have weathered the storms by tapping into their power and wielding it to demand a fair and just society for all.

Norwalk Brew House, Craft Beer On Purpose

Craft beer brands are carving out a significant niche in the beer industry. Mass market favorites like Bud Light, Miller Lite, and Michelob have dominated grocery and convenience store shelves for years but are now making room for craft beer alternatives targeting a growing contingent of beer drinkers preferring the nuanced flavors of local brews. But it’s not just the taste of craft beer that’s driving demand among enthusiasts.

America Goes Multicultural, Get Ready For The New Norm

In port cities like Miami and New York, it’s common for people of Latin American or Spanish descent to identify with their countries of origin. However, the term “Hispanic” becomes more prevalent the further inland you go, as immigrant communities assimilate to the American way of life defined by labels. The label “Hispanic” represents a diverse mix of cultures, traditions, and ideals that define this young consumer group wielding its purchasing power in support of culturally sensitive brands.

Is Online Sample Ignoring Gen X Consumers?

Sandwiched between silver sneakered Boomers and digitally savvy Millennials, Gen X gets lost on the consumer continuum, only to be upended again by youth, as Gen Z becomes the next media darling. Described as the “ignored generation,” Gen Xers, born between 1960 and 1982, are often accused of contributing less to culture and society. But is that true?

ThinkNow Smart Fitness: The Rise of Connected Fitness and Community

The pandemic has accelerated the shift from traditional in-person gym memberships to broader acceptance of at-home connected fitness equipment. But a recent ThinkNow study shows that the gym isn’t dead, and connected fitness has a long way to go. For our 2021 ThinkNow Smart Fitness Report, ThinkNow conducted a nationwide online survey of American adults ages 18 to 64 to understand consumer usage of internet-connected fitness equipment and perceptions of connected fitness brands.

Death Tech: The Lalo App Creates Ad-Free Story Hub For Grieving Families

The death care industry is evolving to keep pace with how consumers perceive death and experience grief today. Expensive funerals with caskets and traditional burials are being replaced by body composting (green funerals) and memorial stones made from the remains of loved ones. Among the innovators in this space are tech startups, more specifically, death tech startups, like Lalo.

Using Ground Truthing to Combat False Narratives and Challenge Assumptions

When consumers have a good experience, they tell three people. When they have a bad one, they tell ten. Doing a deep dive into conversations taking place on the ground is essential to identifying and combating false narratives that can derail a multicultural marketing campaign. This is especially important when that campaign is in the interest of public health.

Using Inclusivity To Enter New Markets: What Business Leaders Need To Do

Diversity and inclusion initiatives are beginning to gain real momentum in America. Beyond the empty statements many companies issued following the murder of George Floyd, we’ve seen a significant uptick in the number of companies putting in the work to develop and implement sustainable programs. Tactics include everything from more inclusive marketing to diversifying corporate boards and leadership teams.

Why Marketing To Black Consumer Subcultures Matters

Marketers adept in multicultural marketing have mastered the use of the refrain: “They are not a homogenous group.” While well-intentioned, this phrase typically refers to Hispanic and Asian consumers and perpetuates a glaring omission: African Americans. Like Hispanics and Asians, African Americans are diverse — from skin tones to language, culture rules and mores to folkways.