Juliet Schor | Teenage Research Unlimited | President | Peter Zollo

Billion Dollar Babie$

by Jenna Schnuer
Page:
Thanks to their spending and influence power, tweens and teens are a marketer's dream. But what's the best way to reach them, and where should marketers draw the line?
It's not easy being a teen (or tween) these days. Along with school, homework, first jobs, first romances, and figuring out who you really are (not to mention keeping your little brother out of your room), there's a whole load of marketers doing their darnedest to get your attention. More than any other generation in history - even those infamous Gen Xers - the current crop of tweens (ages nine to 12) and teens (ages 13 to 17) is the apple of the marketing community's eye.

In 2004, teens alone ponied up about $109 billion of their own money and another $60 billion of their parents' for purchases, according to Getting Wiser to Teens, by Teenage Research Unlimited's president, Peter Zollo. But the dollars don't stop there: Teens have incredible influence on what people around them spend. From cars to houses, today's youths are speaking out on what they want - and their parents are listening.

"If you want to understand consumer culture, [the growth in youth marketing] is the most important major consumer development of this era - even more profound than the Internet," says Juliet Schor, author of Born to Buy: The Commercialized Child and the New Consumer Culture. Kids are being targeted "almost from birth," she says.


Page:



Share Your Comments

ISSUE: Dec 1, 2005
American Way Cover - 12/1/2005