WWB’s Culture Wise Report: Beauty Consumers Seek Wisdom in 2013
Well let’s hope wisdom doesn’t trend downward as we enter 2014! I thought this was an interesting report coming from the beauty industry to share with my World Wise Beauties but as always I have questions and want to explore the findings further. I thought the conclusion that youth is a powerful force was an obvious conclusion as youth will always create the future. But I also question the idea that youth and older wisdom must be in competition. Must we be an either or society? As the report shares many cultures appreciate their older citizens and still value the wisdom they share.
My inner guru tells me “wisdom” is trending with both youth and baby boomers. The reason is we are living in a global society and sharing each others cultural wisdom. As transparency continues to trend worldwide we as individual consumers can steer clear of mis-leading advertising and make wiser choices. We also have more access to knowledge and information via technology. I happen to think our youth is just as wise today, if not wiser than generations of the past because they have been exposed to marketing early on and taught to be savvy and question “spoon-fed” advertising. Below is an encouraging report but I don’t think there has to be a tug of war between age groups. What do you think? Is wisdom only for the old? Or is it a state we can all achieve at any age? Would love to hear from you all…
Global Trends Show More Consumers Seeking
“Older, Wiser” Outlook
Posted: February 5, 2013 GCI Magazine
Anthem Worldwide found in its most recent consumer insights study that “older and wiser” trumps youthfulness as a trend in 2013. Anthem Worldwide identified 10 consumer and shopper trends and countertrends and fielded a study to get a pulse on these sentiments in the U.S., U.K. and China. One of these, “Youthfulness vs. Older and Wiser,” related to who consumers are. Consumers were asked which they believed would be more prominent in 2013: “a youthful spirit” or “an older, wiser soul.” The study conducted by Ipsos from December 17–25, 2012, included an international sample of 1,500 people (500 from the U.S., U.K., and China, respectively) from Ipsos’ online panel. The results of the study support the conclusion that in aggregate, across all three countries, more than half of respondents, 59%, believe that “older and wiser” will be a more prominent trend than youthfulness in 2013.
While U.S. consumers were split more evenly between older and wiser and youthfulness (49% versus 51%, respectively), consumers in the U.K. and China weighted the results more towards older and wiser. Sixty-two percent of U.K. consumers and 66% of Chinese consumers believed that “an older, wiser soul” would be a more prominent sentiment.
Kathy Oneto, vice president, brand strategy, of Anthem Worldwide, noted, “In China, this is likely due to the deep-rooted family tradition of having respect for one’s elders, along with the forecasted fast rate of growth of its elderly population given the country’s one-child policy and improved life expectancy. In the U.K., the high unemployment rate of youth, at about 20%, and older people staying and having more presence in the workforce longer may be influencing this sentiment.
“Boomers around the globe still have great influence,” added Oneto. “Older age isn’t what it once was, especially for women who find their next act and really come into their own in this stage of life. Vibrancy and energy are still critical and possible with people in this age group not weighed down by expectations and judgment. The lightheartedness that supposedly is present in youth is actually practiced at an older age, with boomers having more presence to shrug off the unimportant.”
Oneto concluded, “While not considered to be as prominent, youthfulness will still be in force to some degree, as the youth movement has been impacting elections, creating movements, and stopping businesses over the last couple of years. And while youth around the globe are more challenged and stressed than in generations past, they are also more entrepreneurial and motivated to make a difference in the world. The youthful spirit shouldn’t be underestimated; in truth, we all want a piece of it.”