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Research Outline
Prepared for Michelle | Delivered November 14, 2019
GenX Shopping & Purchase Motivations
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Goals
To understand the key shopping and purchase motivations of GenX, with a focus on higher earning
(
income over and male members of the demographic
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Early Findings
GenX Shopping & Purchase Motivations
GenX consumers have an income that is higher-than-average, and spending power of
$2.4 trillion.
They tend to be
more brand loyal
than other generations.
They also are highly motivated by
freebies and coupons
, which both generate purchases and long term brand loyalty.
When shopping for food and beverage, their
top value is convenience.
They’re also
more open
to unique and innovative ideas than some other generations.
They
spend more money
on food and wine than any other generation, with their top values being quality, ability to customize choices, and overall satisfaction.
T
h
e
y
typically come from
dual income households,
and are buying food and beverages and household items for multiple household members and age groups.
When on the path to purchase, Gen X are
highly skeptical,
and seek out honest and clear marketing messages.
They are also likely to
conduct online research
before shopping for a product on person than other generations.
Nostalgia and sentimentality
drive this segment, with products associated with the video games, candy, and hobbies of their youth being driving factors to purchase as well.
Their
top values
when shopping and selecting brands are authenticity, responsibility, loyalty, honesty, equality, and success.
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