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FOR IMMEDIATE RELEASE
Contact:
Nancy White
The Natural Marketing Institute
215.513.7300 ext. 225
Nancy.White@NMIsolutions.com
NMI Presents New Research at NCOA/ASA Conference: The Baby
Boomer From A to Z
Chicago, IL. (March 9, 2007) – Steve
French, Managing Partner of The Natural Marketing Institute
(NMI), presented key findings from its recent survey of American
Baby Boomers at the NCOA/ASA Joint Conference in Chicago,
IL on March 9, 2007. Also presenting were Sandra Timmerman,
Director of MetLife Mature Market Institute and Rosemary
E. Riley, Section Manger of Innovation, Science and Education
from Ross Products Division of Abbott Laboratories.
NMI’s presentation, “The Baby Boomer from
A to Z” focused on 26 different aspects of healthy
aging relative to Boomers and highlighted all-encompassing
insight into this influential portion of the American population. The
26 aspects covered were:
A. Areas of Concern |
B. Brain Health |
C. Caregiving |
D. Doctor Involvement |
E. Effects from
Inside Out |
F. Financial Health |
G. Government |
H. Healthy Lifestyle |
I. Investment & Savings |
J. Jobs & Finances |
K. Key Healthy Aging
Drivers |
L. Life Events |
M. Marketing to
Boomers |
N. Nutrition |
O. Old Age |
P. Physical Fitness |
Q. Quality of Life |
R. Retirement |
S. Segmentation |
T. Technology |
U. Understanding
Gaps |
V. View of Themselves |
W. Weight |
X. RX |
Y. Young at Heart |
Z. Zooming in on
the Boomers |
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Excerpts from NMI's presentation include:
Areas of Concern: As Boomers age,
the issues that they are most concerned about are personal,
rather than societal, in nature. The top two -- their personal health and
financial situation -- are issues for more than half
of all Boomers, while the third, terrorism on U.S. soil is
a concern for less than 4 in 10.
Brain Health: Almost two out of five Boomers feel
their memory has gotten worse compared to 10 years ago and
eight out of 10 Boomers (significantly more than younger
generations) feel brain fitness is THE most important driver
of healthy aging.
Doctor Involvement: Three quarters felt that
their doctor understands their needs and they typically communicate
well -- but only a quarter are very satisfied with getting
good advice.
Financial Health: The majority of Boomers feel their
financial situation will be better in 10-20 years and feel
they have met most of their financial obligations. Yet, almost
three-quarters of all Boomers fear that a major illness will
destroy their financial security.
Healthy Lifestyles: The top drivers of a healthy
lifestyle are to live longer, lose/manage weight, prevent
disease and look better. Boomers also believe that advances
in healthcare are going to extend their lifespan and cure
any diseases they may get.
Job and Finances: Two-thirds of Boomers indicate
a desire to get a part-time job they really enjoy after
they retire. And with many stating they will have part-time
or full-time jobs AFTER retirement, this will have a dramatic
impact on the employment market and the definition of retirement
itself.
Marketing to Boomers: Boomers
show strong brand loyalty to products and services they
use and prefer advertisements which capture the flavor
of their generation that understand their uniqueness. They
also prefer to purchase from socially and environmentally
responsible companies.
Old Age: Boomers feel that
old age begins at 66 (up from 65 last year) and half of
Boomers want to live to be 100+ years of age. This has
implications for retirement savings, health insurance,
disease prevention, social security, housing and employment
opportunities.
Quality of Life: Boomers do not want to be
defined by their age and are fighting it every step of the
way. Three out of five Boomers are maintaining a healthy
lifestyle to not be a burden on loved ones, avoid going to
a nursing home and not have to take prescription medications.
Segmenting Boomers: NMI has identified
five Boomer segments: ARRIVERS (most financially prepared
and accomplished), STRIVERS (youthful, active and more
likely to be searching for the “fountain of youth”),
BEWILDEREDS (not financially well off, disease managers),
WORRIERS (female skewed, fear illness, preventive oriented),
and PETER PANS (male skewed, life for the day, youth oriented).
View of Themselves: The majority of Boomers view
themselves as loving, a family person and intelligent. As
compared to younger generations, Boomers are more likely
to think of themselves as independent, confident and spiritual.
Rx: When it comes to prescription
medications, 81% of Boomers would rather use nutritional
supplements (rather than Rx) to stay healthy. Thirty-percent
sometimes don’t
take Rx the way their doctor prescribed and 65% are concerned
about negative side effects and are looking for alternatives.
According to French, “The Healthy Aging/Boomer
Database™ was created by NMI to allow us to examine
one of the most influential segments of our society, both
economically and ideologically. The research is used to
identify drivers of shifting Boomer paradigms, determine
unmet Boomer needs, explore underlying Boomer attitudes,
and identify marketplace opportunities.”
Conducted in January 2007 among 3,000+
general population adults, including 1,112 Boomers aged
42-61, the data is nationally representative, balanced
to the U.S. Census, and has a margin of error of +/- 2% For more information on NMI’s Healthy
Aging/Boomer Database™, visit NMI’s website
at www.nmisolutions.com/healthy_aging.html or
contact us at 215-513-7300.
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NMI is a strategic consulting, market
research, and business development company specializing
in health and wellness. For more information on NMI’s other proprietary research
reports and services, visit NMI’s web site at www.NMIsolutions.com.
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